Deducting Start-up and Organizational Expenses

Final and temporary regulations have updated the rules for deducting start-up expenditures under IRC Sec. 195, organizational expenditures of corporations under IRC Sec. 248 , and organizational expenses of partnerships under IRC Sec. 709 , to reflect changes by the American Jobs Creation Act of 2004. Because of the various electronic filing initiatives and the fact that most taxpayers elect to deduct these costs, taxpayers are no longer required to file a separate election statement to deduct these costs.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians