Provision allows immediate deductions for certain expenditures.
Nick Cassavetes ("The Notebook") is in talks to direct Fiore Films' biopic about the life of John Gotti Jr. and his mobster father.
Few know that the recording session of Aretha Franklin's 1972 album "Amazing Grace" was captured on film by Sydney Pollack.
Universal Pictures will turn the life of Joe Namath into a feature film, with Jake Gyllenhaal playing the Hall of Fame quarterback.
Dancer-singer Willa Ford has signed to star as Anna Nicole Smith in an indie biopic that will begin shooting next week. The previously announced film, "Anna Nicole," is produced by Jack Nasser and…