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22. If a taxpayer fails to elect IRC Section 248 for organization expenses in its first taxable year, it may write off such cost as
22. If a taxpayer fails to elect IRC Section 248 for organization expenses in its first taxable year, it may write off such cost as IRC Section 162 business expenses in any of the first five years of operation
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Financial Accounting
Authors: Thomas Dyckman, Robert Magee, Glenn Pfeiffer
3rd Edition
1934319600, 978-1934319604
