The IRS Believes Documentary Film Making is a “Hobby”
There is a very important case in Arizona right now concerning how the IRS views documentary filmmakers. Since many documentaries have little financial support and take years to complete the IRS is saying that it is not a for profit business. Which means its a ‘hobby’. Meaning that all the expenses that are tax deductible actually may not be. The IRS is even focusing on “elements of personal pleasure or recreation” as argument that its a ‘hobby’. Isn’t its every person’s dream to do what they love? This is a very important time for documentary filmmakers. Please support this case as it could have a huge impact on the industry and our film as well!
View the article here.