(1980) Tags: Warner Bros. | Orion
John S. EVANS and Sue A. Evans v. COMMISSIONER OF INTERNAL REVENUE
This is a tax dispute case involving the investors who funded the 1980 movie ‘Heart Beat’ starring Nick Nolte, Sissy Spacek and John Heard. The case from the tax court lists some actual financial information pertaining to the movie — including the budget, advertising expenses and the tax write off that the investors recorded. Below is a brief breakdown of the expenses related to ‘Heart Beat’:
The budget for ‘Heart Beat’ was $4,420,000
$1,250,000 was spent on advertising costs and distribution fees.
Read the full court report below for further information.