Quick discussion question due tonight.
Your client is starting a new business. Your client is the sole shareholder and transferred cash in exchange for all of the stock. The corporation will incur various start-up expenses prior to the business opening. Research the tax treatment of start-up expenditures, including the point at which a corporation begins for determining what expenses are included. In your initial discussion post include a summary of a court case that dealt with the above issue. Your court case needs to be different than the court case cited by your peers. Comment on two of your peers’ posts.
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