IRS Campaign Focuses on Definition of “Qualified Film” Under Section 199

Roger Jones and Elizabeth Chao wrote this bylined article on an IRS Large Business & International (LB&I) “campaign” to target tax deductions claimed by multi-channel video programming distributors and TV broadcasters under Tax Code Section 199. Such taxpayers should expect “challenges from the IRS on the definition of ‘qualified film’ and whether gross receipts from distributing channels and subscription packages to customers qualify” as deductions, the authors wrote.