A big win for documentary filmmakers. The IRS was dangerously close to declaring that all docs are hobbies and disallowing business expense write-offs on taxes. The IDA submitted an Amicus brief in the Lee Storey case, fighting against that absurd idea that docs aren’t a business out to make a profit.
And we won. Take a look at this article in Forbes…
http://www.forbes.com/sites/janetnovack/2012/04/19/maker-of-up-with-people-movie-knocks-down-irs/
