In article ,
 Richard Fallstrom  wrote:

> In article , Jon Schild
>  wrote:
> 
> 
> 
> > 
> > Of course, I am not a writer, but I would certainly refuse to go along 
> > with any idea of "profit."  The WGA is right that
agreeing to redisuals 
> > being paid only after a film has made a profit would end all residuals 
> > forever.  The way Hollywood studios typically do their accounting would 
> > send anyone else to prison for fraud.
> 
> Something occurred to me about that. I wonder how much in bribes the
> IRS has taken to look the other way?
> 
> Rick (sometimes is a GentleRF and sometimes is not)

  Probably none. Accounting for taxes and accounting for participation
purposes, or other purposes for that matter, do not have to coincide. As 
long as they adhere to IRS rules (and probably do so religiously) then 
the IRS doesn't care what happens in the real world.
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