Other Expensing Opportunities
In addition to first-year expensing, the tax law is peppered with provisions that let businesses expense certain types of expenditures instead of amortizing them or treating them simply as a capital cost. Some of these provisions have broad application, while many of them are limited to specific industries.
Film or Television Productions
Small production companies were able to take an immediate write-off of their costs in 2011. If extended, then the following information applies. You can elect to deduct up to $15 million in production costs of a qualified film or television production. A qualified production is one in which total costs do not exceed $15 million. However, under an exception, the dollar limit increases to $20 million for production costs incurred in certain economically depressed areas.
OTHER EXPENSING OPPORTUNITIES
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