View Full Version : URGENT: When you filed Schedule C...


citychik
05-28-2011, 07:45 PM
How did you categorize the elements of a film or video production?

The categories of a film budget do not exactly match up with the categories IRS has for deductions. So, I am wondering what the deductible categories are - would anyone care to share a list and any hints on how you organize your production expenses to fit into Schedule C? I need help in organizing my brain, LOL.

FYI, I had filed for an extension, so am doing my 2010 taxes now and need to get this done ASAP. I have an LLC.

Thanks!

citychik
05-28-2011, 09:18 PM
One specific question I have is how do you categorize stuff for the art department? Sets, props, wardrobe, etc.? Would that come under "Supplies" for the IRS?

Modern Day Myth Prod. LLC
06-01-2011, 05:15 PM
They are like office supplies for your business.

Catering is listed as office services.

Your audio, video, and lighting equipment are office equipment of your trade.

Did you list your business as a movie production / entertainment business? Such a business is considered a high risk business with the IRS.

Dreadylocks
06-01-2011, 05:27 PM
I'd go to HR Block and just pay someone 50 bucks to do it for me.