Question
Pankraz Corporation, a calendar year taxpayer, is formed on April 1, 2018. In connection with its formation, it incurs organizational expenditures of $54,000. Pankraz
Pankraz Corporation, a calendar year taxpayer, is formed on April 1, 2018. In connection with its formation, it incurs organizational expenditures of $54,000. Pankraz wants to claim as much of these expenses as soon as possible. Round per month amount to two decimal places. Round your final answer to the nearest dollar. Therefore, its deduction for 2018 is $
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
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