Providence Film Group LLC A Subsidiary of Valiant Eagle Inc. (OTC:PSRUD), Utilizes Section 181 Tax D

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* Canyon Lake - California - US

CANYON LAKE, Calif. - March 11, 2020 - PRLog -- Providence Film Group, a Valiant Eagle Inc. subsidiary,  is pleased to announce its plan to incorporate  Section 181 financing in its film finance model.

The new Section 181 Deduction under the Tax Cuts and Jobs Act of 2018 (TCJA) creates a 100% deduction for any money invested in a film, television series, or live stage production that is produced in the United States and that qualifies under the original qualification standards of Section 181.  It means that for every $1.00 that a high net worth investor invests in a film or television series, the investor can write off 37 cents from that investor's tax return.

The new version of the Section 181 Tax Deduction can be taken when a producer sets up a qualifying securities offering, in which the private placement memorandum (PPM) and other provisions of the securities offering have been drafted to incorporate the new depreciation rules found in the 2018 TCJA version of the Section 181 Deduction.

Providence Film Group LLC's  CEO, Xavier Mitchell, explains, "When it expired at the end of 2016,  a lot of experts assumed it would never return. Now a new tax provision emerged that does the same thing, and it specifically references the original text of the Section 181 Tax Deduction, even though that deduction has expired."

The new Section 181 Tax Deduction under the Tax Cuts and Jobs Act applies to any investor that is subject to United States federal income tax.

About Providence Film Group
Providence Films is a Los Angeles based entertainment studio whose industry offering's service the multi-billion dollar motion picture, television and music industries.

Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason.  Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Valiant Eagle, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Valiant Eagle, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

Valiant Eagle
Investor inquiries: ir@valianteagle.net
Website: http://www.valianteagle.net
Twitter: @valianteagleinc
Facebook: @valianteagleinc
Providence Film Group
www.providencefilmgroup.com

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Tags:Film
Industry:Entertainment
Location:Canyon Lake - California - United States
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