• IRC Section 181 is Back!

    IRC Section 181 is Back!

    As quickly as the movie stars posed for the cameras at the Oscars, the Congress approved the Tax Cuts and Jobs Act (“TCJA”) and left 90% of taxpayers holding the bag in some low-income areas.However, unlike in ‘Once Upon a Time in Hollywood,’ taxpayers cannot do a reshoot if the first take is not outstanding. After almost two years, Congress may again decide to approve additional legislation within the 48-hour period, which may throw light on some of the issues that have arisen in Hollywood since the TCJA.What Is It About?If you have been following the spiel of the Section 181 Film Tax Deduction, you know that it expired at the... Read More