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Dec 24, 2021 · The IRS alleged that Salveson owed $794,000 in unpaid taxes for those two years, plus $595,000 in fraud penalties, $260,000 in delinquency penalties, and $339,000 in interest. Salveson filed a tax ...
Nov 10, 2021 · Salveson raised eyebrows at the 2017 Cannes Film Festival, when, while speaking at the Carlton Hotel, she appeared to claim that Streamline had created a novel way of using Section 181 to ease ...
Oct 26, 2021 · Salveson has appeared at a number of industry events to talk up the company’s investment model, which relies heavily on Section 181. The tax code provision — which was renewed in last year as ...
Jan 19, 2022 · getty. Internal Revenue Code Section 181 permits a 100% deduction for the first $15 million of the cost of producing a film that is shot in the U.S. (even before the film is released). While it ...
Jan 16, 2024 · Like any tax incentive, Section 181 comes with its fair share of complexities and compliance requirements. We’ll provide insights into common challenges faced by filmmakers and producers ...
Oct 27, 2021 · According to Variety, Salveson is a producer who has "made extensive use of Section 181," a tax code provision that "allows investors to deduct their investment in a film project, up to $15 ...
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How did Robert Salveson use Section 181?
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Why did Emily Salveson challenge a tax penalty?
The new Section 181 Film Tax Deduction is different in a couple of ways that make it even better for investors and producers. First, there is no longer any cap to the Section 181 Deduction, meaning that even projects budged over $15 million can take advantage of the deduction. The studios and networks might be the biggest beneficiaries of the ...
