Determining proper treatment of corporation’s organizational

Reference no: EM13251695

When determining the proper treatment of a corporation’s organizational and start-up costs, which of the following is true?

A. The election must be made on the tax return for the first tax year you are in business, even if the return is not timely filed.

B. Amortization of organization and start-up costs start with the month business operations begin.

C. Costs associated with the transfer of assets to the corporation are amortizable organization costs.

D. The period of amortization may not be more than 180 months.

Reference no: EM13251695

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