October 2016

Section 181 Film Production Tax Incentive

By | October 12, 2016|Categories: Media Clips, Taxing Thoughts|Tags: , , , , , , , , , |

By: Dan Li (Senior Manager, Green Hasson Janks) and Daniel Rowe (Principal, Green Hasson Janks) In previous blog posts, we have written about federal and state tax incentives for the entertainment industry, including the Section 199 domestic production activities deduction (DPAD) and state film tax credits. Another significant federal tax incentive is the Section 181 [...]

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October 2015

Brazilian Tax Incentives for Non-Brazilian Legal Entities

By | October 28, 2015|Categories: Media Clips, Taxing Thoughts|Tags: |

By Mauricio Vedovato and João Paulo de Seixas Maia Krepel (guest bloggers from Lilla, Huck, Otranto, Camargo Advogados) Non-Brazilian legal entities might be entitled to use up to 70 percent of the Withholding Income Tax (WHT) due in Brazil to develop and/or co-produce Brazilian independent feature films, short films, documentaries, TV movies and TV series. Qualifying entities [...]

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August 2015

Bipartisanship Over Taxes Does Exist!

By | August 26, 2015|Categories: Nonprofit, Taxing Thoughts|Tags: |

By: Richard Ruvelson (principal at Green Hasson Janks) I am taking this opportunity to pass on information gleaned from the Nonprofit Law Prof blog dated July 13, 2015. It is reassuring to know that, even during contentious times at the beginning of a presidential-election campaign, bipartisanship still exists. This particular blog addressed the July report [...]

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May 2015

R&D Tax Credit for the Food and Beverage Industry

By | May 29, 2015|Categories: CPA Food Bites, Taxing Thoughts|Tags: |

By: Kevin Zolriasatain (guest blogger from KBKG) With the challenge of feeding an ever-growing population, food and beverage companies in the United States are forced to increase their research and development efforts to meet demand. In addition to providing more options, food and beverage manufacturers are fighting to keep up with trends in the market [...]

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April 2015

R&D Tax Credits Are There For the Taking

By | April 23, 2015|Categories: Media Clips, Taxing Thoughts|Tags: |

By: Helen Han (guest blogger from R&D Incentives Group) Research and Development tax credits are often affiliated with companies within in the high-tech, biopharmaceutical and manufacturing industries; however one industry that frequently overlooks the R&D tax credit is the entertainment and media industry. First introduced in 1981, the R&D tax credit has been established as an [...]

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February 2015

Tax Alert – IRS Provides Relief to Small Businesses from Filing Form 3115 Related to Tangible Property Regulations

By | February 17, 2015|Categories: Taxing Thoughts|Tags: , , , , , |

Green Hasson Janks would like to provide you with a summary of the Tangible Property Regulations that will take effect with the filing of the 2014 Income Tax Returns.  At the end of 2013, the IRS issued final Regulations on the tax treatment of amounts paid to acquire, produce, or improve tangible property. The Regulations [...]

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December 2014

Congress Passes Tax Extender Package & ABLE Legislation for the Disabled

By | December 17, 2014|Categories: Taxing Thoughts|Tags: , , , , , , , |

Late Tuesday, December 16, the Senate passed the tax package, H.R. 5771. This legislation includes the “Tax Increase Prevention Act of 2014 (TIPA),” which extends over 50 currently expired “extender” provisions through 2014. This tax package also includes H.R. 647, the “Achieving a Better Life Experience (ABLE) Act of 2014,” which establishes a new type of [...]

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October 2014

Quarterly California Tax Legislative Update: July 2014 – September 2014

By | October 23, 2014|Categories: Taxing Thoughts|Tags: , , , , , , , , , |

The purpose of this Quarterly California Tax Legislative Update is to provide our clients and prospective clients with timely and meaningful updates that affect both their personal income and business taxes. The 3rd quarter of 2014 saw an expansion of the California film and television tax credit as well as additional guidance on the application [...]

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September 2014

California Enacts Film and Television Tax Credit Expansion

By | September 30, 2014|Categories: Taxing Thoughts|Tags: , , , , , , , |

The California Film and Television Job Retention and Promotion Act was signed into law by Governor Jerry Brown on September 18, 2014. The new law significantly increases the amount of film and television tax credits and eligibility to participate in the film and television tax credit program. This tax alert includes information on the following: [...]

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New Rules to Curb Corporate Inversions

By | September 26, 2014|Categories: Taxing Thoughts|Tags: , , , , , , , |

By: Farshad Yashar (Partner, Green Hasson Janks) Over the past two years, a number of high profiled transactions involved U.S. domiciled multi-national companies acquiring a foreign-based company resulting in the U.S.-based acquirer changing its domicile to the country of the foreign company that it had acquired.  This is broadly referred to as an "inversion" transaction, which is [...]

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