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Turn Your Tax Liability Into an Asset! |
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axpayers wishing to receive tax write-offs often donate money to charitable organizations. But now, under a new federal law called the American Jobs Creation Act of 2004 ("AJCA"), the best "gift" of all is the jobs created by investing in your own portfolio. You see, AJCA allows a full-value tax deduction for participating in independently produced family-oriented motion picture projects and television and radio programs. You take the write off by purchasing Units in the production projects and the "donation" remains in your portfolio. Now under the American Jobs Creation Act you no longer have to give your hard-earned assets away to take a Federal tax deduction! You can keep your active and passive taxable income safe from Federal taxation wuth AJCA-qualified projects in your portfolio! It's the best of both worlds. |
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New: Your CPA will want this PDF file from the IRS with the new IRS Rulings about the AJCA. The deductions allowed under the American Jobs Creation Act apply to individuals, corporations and partnerships. And these aren't just our own conclusions; they are supported by major CPA firms. Check for yourself here. |
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And all of the projects that we refer you to are projects that you would be proud to have your name on. We won't refer you to films, television series, radio programs, or any other investments that have gratuitous sex and violence. And the AJCA-qualified projects appeal to a broad market of many different ages and demographics. Now, through your participation in AJCA-qualified motion picture and TV and radio projects made here in the US, not only are you able to convert your tax liability into an asset through a legitimate deduction ― but you also have the possibility to turn it into a profit. You have a choice to make: you can write a check to the IRS, or you can, in effect, "write a check to yourself" by participating in a motion picture project. |
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How AJCA WorksAJCA was enacted on October 22, 2004, and provides for federal tax incentives applicable to the film and television industry in the U.S. The law is retroactive to January 1, 2004. AJCA permits U.S. taxpayers to elect, for any “qualifying film and television productions,” to immediately expense certain production expenditures up to $15 million ($20 million if incurred in certain low-income or distressed areas), in lieu of capitalizing the cost and recovering it through depreciation. |
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“Qualified film or television production” means any production of a motion picture film or videotape if 75 percent of the total compensation is for services performed in the U.S. by actors, directors, producers, and other relevant production personnel. The term “compensation” does not include participations and residuals. For purposes of a television series, only the first 44 episodes of the series are taken into account. This provision is effective for qualified productions commencing after October 22, 2004 and before January 1, 2009.
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