Section 181: Is It As Good As They Say?

One of the most exciting announcements from the IRS in decades is that the CARES (Coronavirus Aid, Relief, and Economic Security) Act includes the reinstatement of IRS Code section 181, making it effective for another 5 years! This is big news for those in the entertainment industry. If you're wondering why this is such a big deal, stick around and we'll take a look at what section 181 is, and how it impacts the US TV and film industry.