Entertainment industry

Reselling Taylor Swift tickets? You're going to have to pay taxes

The proliferation of free and lower-cost video services does not come without a hidden cost: State and local tax receipts stand to suffer as a result.

Lawyers and agents have always bemoaned "Hollywood accounting," in which studios overstate costs and disguise profits so as not to share proceeds with financial partners.

Citrin Cooperman acquired Shepard Schwartz & Harris; MarksNelson bought Integrity Advisory; and CLM is acquired by private investors.

Citrin Cooperman, a Top 25 Firm based in New York, completed the acquisition of Kingston Smith Barlevi, a Los Angeles-based firm that specialized in the media and entertainment industries.

Carr, Riggs & Ingram acquired Travani & Richter; and Citrin Cooperman added Massarsky Consulting.

Citrin Cooperman, a Top 25 Firm based in New York, has added OLC Management Inc. a California-based business management firm in the entertainment industry.

The long-awaited aid program aims to help music venues, performing arts groups, nightclubs, movie theaters and museums.

The Small Business Administration issued some preliminary guidance on how a new federal program to provide help to hard-hit playhouses, movie theaters, museums and other venues will work.

Daily fantasy sports companies must pay federal excise tax on their entry fees, the IRS has decided, according to an internal memo that could cause a major shakeup in the industry.