Question: Course: Federal Taxes & Management Decisions
Start up cost identification
As a practical matter, new entities will incur legal and accounting fees for all sorts of reasons (some related to organization and start-up, others related to day-to-day operations). How do you identify which of these expenses is treated as start-up versus organization or operational? Why do the different classifications matter?
Please post within the next 12 hours
Please post at least 200 words with references