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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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March 1, 2010 IRS Shows Treatment of Expenses Incurred Before Business BeginsThe IRS would have you know there is a special tax treatment for expenses you incur before you actually begin business operations. Business start-up and organizational costs are generally capital expenditures. However, you can elect to deduct up to $5,000 of business start-up costs and $5,000 of organizational costs paid or incurred. The $5,000... Subscribers have free access to the archives. Click here. |
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