This is not a loan. These tax credits do not need to be repaid
The ERC Program is currently open, but has been amended in the past. We recommend you claim yours before anything changes.
3:1 write off for passive income
Sunset Film Productions is producing independent films utilizing the American Jobs Creation Act, extended and amended by §181. We are excited to offer an opportunity to substantially decrease – possibly eliminate tax obligations on passive income.
Example of the application of § 181
Company X has a total budget of three dollars ($3) for their film. One dollar ($1) is raised as an equity investment; two dollars ($2) is borrowed. When Company X spends one dollar ($1) or more on real production costs in 2008, then they can deduct one dollar ($1) or more, dollar for dollar against passive income in 2008. When two dollars ($2) of borrowed costs are spent on 2009 production costs then the two dollars ($2) spent can be deducted from passive income in 2009.
Independent films in production from January 1, 2008 to January 1, 2010 will have this dollar for dollar effect on passive income
The American Jobs Creation Act of 2004, which amends the Internal Revenue Code of 1986, was signed into law. The Act creates three tax incentives expressly applicable to motion pictures, one of which – § 181 of the Internal Revenue Code – is especially significant to independent film producers and their passive investors on qualifying films with budgets under $20 million dollars. Please call for the details.