Section 181 USA Federal Film Tax Relief Renewed for 2012, 2013

In the last throws of the dwindling days of 2012 a largely untapped source of film finance has encouragingly been renewed.  First reports have come to light about the renewal which was included in the Fiscal Cliff aversion talks.

 

Films from 2012 applying correct documentation and for all of 2013 will have the film tax benefit available to their investors.  Based upon their tax structures the investment in film subject to tax relief is a hard won achievement for the creative film and television industry.

 

GREENTREES #2.7

Filmmakers are required to announced their Section 181 plans in their first tax returns.  Investors can take 100% of their investment as tax relief as opposed to amortizing over several years as generally allowed.   The relief is capped at $15 Million for feature films, which is increased to $20 Million for “distressed” locations.  Television programs qualify for the first 44 episodes.

 

 

 

When presenting such film finance plans to investors it is critical to have an accurate representation of the true cost of the production.  This is critically important to the planning of the investor to precisely know how much his financial input is required.

 

filmbudget.com

 

Contact Filmbudget.com for details on utilizing Section 181 and an accurate,  major studio proven film budget package to know for yourself and demonstrate to investors the true cost of the production expenditure on your movie.

 

Film Producer Jack Binder (‘Reign Over Me’, ‘The Upside of Anger’) has been producing movie and television production for over twenty years and continues under his international film production company Greentrees Films.  As the founder of Filmbudget.com Jack continues to provide the film and television industry with quality film budgets and shooting schedule breakdown services.

 

 

 

How Do I Make My Movie? Do I Need a Movie Budget For Film Financing?

 

 

How Do I Make My Movie?  I think one of the most common questions any filmmaker would ask is “how do I make my movie”?  As a seasoned film producer I can only imagine the immense frustration of a novice movie producer contemplating this question.

 

Even with years of experience the question remains the most fundamental.   You would not be alone in wondering what is the pragmatic answer to this complex problem.   Millions and more to come will ponder this question.   As a film producer with twenty-five years of experience I have a unique perspective on this question.

Do I Need a Movie Budget? The key in my opinion is to focus on the obvious.  Money.  We need financing to make our films and finance is the profession which generates the funding.

 

So yes, you need a movie budget.   When we talk about a movie budget or a film budget we are referring to the document detailing the costs.  Often people discuss the budget of a movie in general terms.   When filmmakers talk budgets they are referring to the paper budget in most cases I would think.  The answer is a certain yes of course.

 

  

Without a movie budget at your disposal the filmmaker is at a loss.  Accurate, custom made budgets are what a financier looks at.    Of course they should be real film budget documentation from a professional line producer.

 

So How Do I Make My Film?  Here is the secret sauce:  in order to get your film financed you need money.  In order to obtain money you need a plan.

To have a plan you need a budget and a schedule.

 

With these elements you can get financing for your film.   Most filmmakers do not quite have that clarity.  That is the issue and why I created filmbudget.com to help everyone on this issue.

 

It may seem basic once someone has advised you however the most difficult task is the one contemplated in an apparent absence of understanding of the basic mechanics required to achieve results.

 

My name is Jack Binder and I am a producer of feature films including ‘Reign Over Me’ with Adam Sandler and ‘The Upside of Anger’ with Kevin Costner.

 

I founded Film Budget Inc.  and the website http://filmbudget.com to solve this divide in a fun way that lets me meet a great deal of movie directors, producers, writers, actors, studio executives and creative people of all types worldwide.

 

My budgets are accurate and proven, by myself for the major studios, independent film companies and international film finance providers.   I have been using film tax credits since the early nineties and helped write the Michigan film tax incentive (where I am from although I am based in Los Angeles and operate worldwide.)

 

Please feel free to contact me at http://filmbudget.com/contact.shtml regarding your film production, film budgeting, incentives, film finance plans or if you need a production consultant or advisor for your film or television production.

 

My Producer Credits can be found here

Thank you,

 

Jack Binder

Producer/Founder

FilmBudget.com

 

 

FilmBudget.com

5 Top Reasons FilmBudget.com is the Finance Movie Budget Expert

When it is time to seek and obtain film finance on your movie it is important to get the right movie budget from the correct source.  An inaccurate budget demonstrates a failure to appreciate the financing at risk on your production.  Here are the top 5 reasons FilmBudget.com is the worldwide film budget leader and finance movie budget expert:

1.  Film Budget Inc.  Filmbudget.com is the only worldwide movie budget service that creates custom, accurate and proven film budget and schedule packages specifically crafted for your film.

2. Founded by film producer Jack Binder Filmbudget.com has 25 years of studio and independent film and television production experience which provides for a tried and tested film budget for your investors.

3. As an ongoing film production concern in collaboration with our international production company Greentrees Films, Filmbudget.com is an active player in the international market for film production.

4. Through intense attention to market conditions, changing cost structures and rapidly advancing technology, Filmbudget.com maintains a thorough eye on all facets of production and filmmaking to keep our cost analysis current.

5.  Filmbudget.com is the only film budget worldwide service based in Hollywood with 25 years of filmmaker collaboration, experience, trustworthiness and reliability working for the major studios and indie film companies.

FilmBudget.com

Reliable, custom detail, experienced, accurate, proven, ongoing production concern with focus on industry trends, fluctuations and cost variations globally.

Filmbudget.com is the international leader in worldwide film budget and schedule line producer production services.   Quality movie budget service for film financing of your motion picture.

 

Watch the YouTube video of our Trailer Reel:

http://youtu.be/4rgZEJbKGKw

Film Budgets | 3D Movie Cameras | Panasonic AG-3DA1

Panasonic introduces its AG-3DA1 integrated twin-lens Full HD camcorder as the world’s first pro quality Full HD 3D camcorder with SDHC media card recording.  Filmbudget.com looks forward to further on location testing however this looks to be an incredible breakthrough in the race for quality 3D on less than Cameron film budgets for the masses.   As the industry embraces 3D many explosive arrivals are coming to be sure.   As we prepare movie budgets and proceed with film budgeting for our clients, we will certainly investigate the validity of the new Panasonic 3D camcorder as it applies to the professional film production and high quality moviemaking environment for economic features and television productions as required in today’s cash and credit challenged market.

Film Budgets for professionals by a veteran line producer are required by film finance lenders and investors. Contact us for a comprehensive package and thank you for visiting our film budget blog for serious filmmakers looking to move their projects forward to production.

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