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Oct 26, 2021 · In public appearances, Salveson has sometimes appeared to take credit for originating the use of Section 181 financing. In 2017, she appeared on a panel at Cannes with Kessler as the moderator.
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 ...
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 ...
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 ...
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 ...
Jun 17, 2024 · Section 181 lets you deduct 100% of the first $15 million of production costs for a film or TV show. And if the project is shot in an “economically depressed” area, this limit goes up to $20 million. The deduction applies the year the costs are incurred — great news if you don’t want to wait for the film to be released to start seeing ...
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Sep 2, 2020 · And this is without the film ever selling a single copy. Filmmakers can capitalize on the return of Section 181 by offering its benefits to potential investors. To do this, the filmmaker should create a separate entity for the production of the film that will have its tax filings structured as a pass-through entity.
