Tax Law, Art, Entertainment & Sports Law, Intellectual Property

IRS Taking Tough Stand On Benefits And Burdens Of Ownership In Recent Section 199 ILM And Tax Court Cases

by Todd Reinstein | Pepper Hamilton LLP on 5/8/2013

On April 1, the Internal Revenue Service (IRS) released ILM 201313020 (ILM) in response to an IRS Appeals Division request. It concludes that planning and development activities undertaken by a publisher of books and other...more

Omi_Dreamer-Fashion_and_Internet_Brand_MarketingEIN Confirmation Letter

by Omi Dreamer on 2/14/2013

A legal document from the Department of Treasury Internal Revenue Service that acknowledges and certifies Omi Dreamer-Fashion and Internet Brand Marketing as an limited liability company. ...more

Lights! Action! Deduct!

by Venable LLP on 8/23/2012

There may be a documentary film to be made about the documentary filmmaker who stood up to the IRS and won! A recent tax court case could be an extremely important precedent for independent filmmakers and documentarians. The...more

Co-Production Updates

by Heenan Blaikie LLP on 3/9/2012

Two items of note relating to the issue of international treaty co-productions which I believe indicate their re-emergence as a way of producing (especially in the current financial climate). First, Telefilm Canada...more

The Art Of Taxes: Major Changes To The Federal Transfer Tax System

by Sheppard Mullin Richter & Hampton LLP on 1/10/2011

Ars longs, vita brevis. Art is immortal, artists are mortal. Taxes impinge on every part of the art world and are a concern for both artists and collectors. Planning for and administering estates of artists and owners of art...more

The Prudent Buyer's Guide to Art Fairs

by Sheppard Mullin Richter & Hampton LLP on 10/19/2010

Whether you are a first-time buyer or an experienced collector, the electricity surrounding an international art fair can overwhelm the senses. Lavish parties, rich history, and the subtle buzz of thousands of business deals...more