Georgia Governor Candidate's Film Company Faces IRS Tax Questions

Rick Jackson, a billionaire, is running for governor of Georgia. He also produces low-budget films that have produced substantial tax refunds or credits. Agency examiners have reviewed how production costs were documented and whether the claimed benefits met federal rules.

Background on the Candidate Jackson has described the film projects as legitimate business ventures. He has said the movies were completed and distributed, generating revenue and qualifying for tax incentives. The IRS review focuses on the size of the tax benefits relative to the production budgets. Agency documents indicate examiners asked for additional records on expenses and income.

No final determination has been issued by the IRS.

Jackson's campaign has not released statements on the status of the examination. The candidate continues to campaign on economic and tax policy issues while the review proceeds.