IRS Section 181
Why pay personal or corporate tax dollars when you can turn them into profit dollars?
Media projects in production are grandfathered** under 181 to allow direct investors to fully deduct and write off 100% of costs from both personal and corporate liabilities (excluding portfolio income), and from all federal income tax and AMT liabilities. Read more HERE.
To better understand benefits, CLICK TO COMPARE UK vs USA tax incentives for media.
SIMPLY SELECT :
A. PROJECT (click here for more at: Geneva Media Projects)
B. PLACE (Illinois, Georgia, Louisiana, New York, etc.)
C. PERIOD (from two (2) years, four (4), or six (6) years)
D. POINTS (ROI 16% (2 yrs.), 36% (4 yrs.) or 60% (6 yrs.)
E. PAYMENT (interest annually or at completion of period)
F. POSITION (be an associate, executive or creative producer)
G. POLICY (tax-favored, life insurance benefits are available)
IRC 181 and 199 collectively allow high wage earners to eliminate 100% of Federal and State income and AMT liabilities.
181 was instituted from 2004 until 2016, but still applies for all media projects that are grandfathered and currently in production (with a full day of principal photography undertaken prior to December 31, 2016 - similar to the film "Boyhood" which took 12 years to complete, and was grandfathered each year).
Geneva Media has unlimited deductions available, and nearly unlimited opportunities through 2023.**
Media projects in production prior to Dec. 31, 2016 are grandfathered under 181 and allow direct investors to fully deduct and write off 100% of costs from both personal and corporate (excluding portfolio income), federal income and ATM taxes on amounts invested in media projects. Read more HERE.
**Chicago attorney, Corky Kessler (no affiliation), helped draft §181, and devised packages for investors and filmmakers who wished to secure such grandfathering for projects. To grandfather media project it requires: •An LLC investor doc drafted and done, but no investors are required. Have a budget and screenplay (but nothing final that cannot be amended later). Have one day of principal photography with dialogue (but it need not be in the final edited film nor it does not require a full cast/crew, only a single live actor or voice over actor with dialogue from a scene(s) in the film.
Media projects in production are grandfathered** under 181 to allow direct investors to fully deduct and write off 100% of costs from both personal and corporate liabilities (excluding portfolio income), and from all federal income tax and AMT liabilities. Read more HERE.
To better understand benefits, CLICK TO COMPARE UK vs USA tax incentives for media.
SIMPLY SELECT :
A. PROJECT (click here for more at: Geneva Media Projects)
B. PLACE (Illinois, Georgia, Louisiana, New York, etc.)
C. PERIOD (from two (2) years, four (4), or six (6) years)
D. POINTS (ROI 16% (2 yrs.), 36% (4 yrs.) or 60% (6 yrs.)
E. PAYMENT (interest annually or at completion of period)
F. POSITION (be an associate, executive or creative producer)
G. POLICY (tax-favored, life insurance benefits are available)
IRC 181 and 199 collectively allow high wage earners to eliminate 100% of Federal and State income and AMT liabilities.
181 was instituted from 2004 until 2016, but still applies for all media projects that are grandfathered and currently in production (with a full day of principal photography undertaken prior to December 31, 2016 - similar to the film "Boyhood" which took 12 years to complete, and was grandfathered each year).
Geneva Media has unlimited deductions available, and nearly unlimited opportunities through 2023.**
Media projects in production prior to Dec. 31, 2016 are grandfathered under 181 and allow direct investors to fully deduct and write off 100% of costs from both personal and corporate (excluding portfolio income), federal income and ATM taxes on amounts invested in media projects. Read more HERE.
**Chicago attorney, Corky Kessler (no affiliation), helped draft §181, and devised packages for investors and filmmakers who wished to secure such grandfathering for projects. To grandfather media project it requires: •An LLC investor doc drafted and done, but no investors are required. Have a budget and screenplay (but nothing final that cannot be amended later). Have one day of principal photography with dialogue (but it need not be in the final edited film nor it does not require a full cast/crew, only a single live actor or voice over actor with dialogue from a scene(s) in the film.
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