When it comes to building a financial budget for your production, tax credits are a critical component, leaving no room for error. Neglecting to take advantage of a program or misinterpreting statutory requirements can significantly increase the cost of your production.
At Citrin Cooperman, we’re here to help you maximize your tax credits. Members of our Film Credits Practice Group have consulted on more than 100 productions including feature films, television series, pilots, reality TV, commercials, and documentaries in over 20 states. As a result, we’ve collectively performed the required independent CPA procedures for productions totaling more than $1 billion.
Led by partner John Genz, a nationally recognized authority in the film credits area, our team performs the required independent CPA procedures for applications in nearly every state that offers an incentive program. Our team has worked side by side with the states and their film offices to develop the CPA procedures for their respective programs. We maintain a confidential but open dialogue with departments of revenue, divisions of taxation, and state and local film offices to discuss unique issues and transactions. As a courtesy, we also field questions from production companies to determine whether a transaction is qualified or non-qualified for a particular program.
For production companies, we provide tax credit consulting services such as:
We also provide production companies assistance with the following: