Utilizing IRC Section 181 for Independent Film Production Investments
Generating Robust Tax Deductions
A live 110-minute CPE webinar with interactive Q&A
This webinar will discuss the pros and cons of investing in film production and deducting production costs under IRC Section 181. Our session will provide guidance for structuring the investment, identify investment risks, provide examples of significant potential tax savings, including 4 to 1 deductions vs. cash investments, and offer advice for withstanding IRS scrutiny.
Outline
- Investing in film and TV productions: introduction
- IRC Section 181 overview
- Structuring the investment to maximize tax benefits, including increasing basis for depreciation
- Passive vs. active participation
- Caveats
- State considerations
- Examples
- Withstanding IRS challenges
Benefits
The panel will cover these and other critical issues:
- Structuring the investment and entity choice
- Qualifying for immediate expensing of production costs under Section 181
- Key considerations to withstand IRS scrutiny
- Scenarios pointing out the benefits and caveats of film production investments
Faculty
Richard Levychin, CPA, CGMA
Partner
Galleros Robinson
Mr. Levychin is the Partner-in-Charge of the firm’s Private Sector Practice Group which focuses primarily on... | Read More
Mr. Levychin is the Partner-in-Charge of the firm’s Private Sector Practice Group which focuses primarily on privately and publicly held companies and high net worth individuals. He has over 35 years of accounting, auditing, business advisory services, and tax experience working with both privately owned and public entities in various industries including, but not limited to, media, entertainment, real estate, construction, manufacturing, not-for-profit, technology, retail, health care, and professional services. Mr. Levychin's experience also includes expertise with SEC filings, initial public offerings, and compliance with regulatory bodies. As a business adviser, he counsels companies and organizations, helping them identify and define their business and financial objectives and then providing them with the ongoing personal attention necessary to help them achieve their established goals.
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Ibrahim Mohammed
Sr. Strategist
BTA Advisory Group
Mr. Mohammed has been on the buy side or sell side of hundreds of closed financial transactions. The equity... | Read More
Mr. Mohammed has been on the buy side or sell side of hundreds of closed financial transactions. The equity financing associated with the various transactions range from $250,000 to $100 million, and debt financing of approximately $3 billion cumulative. He has significant experience in the following industries: film and entertainment, software, financial services, energy, health care, automotive, real estate, semiconductor, hospitality and travel. In film Mr. Mohammed has structured investment raises with robust investor tax deductions for the following independent films: Rust, Flight Risk, Wish Dragon, Wish Dragon 2, SkySailor, Hotel Tehran, and Alarum.
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Ryan Smith
Producer and Financier
Thomasville Pictures
Mr. Smith is a seasoned financier and producer in the film industry, with nearly two decades of experience across the... | Read More
Mr. Smith is a seasoned financier and producer in the film industry, with nearly two decades of experience across the entire film value chain. With studios in Georgia and Mississippi and financing arms in Los Angeles and New York, he is the driving force behind Thomasville Pictures, Polaris Creative Risk, and Winston Holdings – a dynamic film production ecosystem that empowers filmmakers to realize their visions, create jobs nationwide, and captivate global audiences. Mr. Smith's film portfolio boasts over 80 prominent independent film projects, most notably The Pale Blue Eye on Netflix, the critically-acclaimed The Trial of the Chicago 7, Bandit with Mel Gibson and Josh Duhamel, Flight Risk with Mark Wahlberg, and Cash Out with John Travolta. Others include The Apprentice, Riff Raff, Gunner, Sam & Kate, Red Right Hand, Fast Charlie, One Way, The Tiger Rising, Supercell, and Breathe. Mr. Smith's films have showcased celebrated talent across the industry, the likes of Christian Bale, Sacha Baron Cohen, Gillian Anderson, Dustin Hoffman, Sissy Spacek, Jennifer Hudson, Eddie Redmayne, Liam Neeson, Pierce Brosnan, Jennifer Coolidge and many more. From music to film production and finance to entrepreneurship and VC, his impressive journey is marked by innovation, philanthropy, and a dedication to purposeful storytelling.
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Alex Sonkin
Managing Director
VFO Hub
Mr. Sonkin is the Managing Director of The Due Diligence Project. The Due Diligence Project is the leading and... | Read More
Mr. Sonkin is the Managing Director of The Due Diligence Project. The Due Diligence Project is the leading and largest CPA community conducting independent peer review for sophisticated tax and cost mitigation strategies.
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