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Film Tax CreditMonthly ReportingForm08 FFORM Qxd Film

Film Tax CreditMonthly ReportingForm08 FFORM Qxd Film

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hi I'm John Draghi with Paragon Accounting and Tax Solutions and if you're kind of a movie nerd still kind of stuck in middle school when it comes 11 movies you're 11 November and December right now we've got Thor Ragnarok we've got Justice League we've got Star Wars the last Jedi coming out SS it's got to do with taxes well really this Thor has to do with Texas in the state of Georgia because it was filmed here so I get a question for my clients quite office like hey get me some tax credits for the films well sure you can if you're really rich here's the thing the tax credits are given to the movie companies which then resell the credits on the secondary market the problem is they charge about 90% of the value form so to really make it worth your time to get a tax credit let's say you have a million dollars with the tax credits you want to buy that would save you a 6% Georgia tax $60,000 in your taxes so y

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