Solution-Discuss deduct either of these organizational fees

Discuss deduct either of these organizational fees

Reference no: EM131790756

On May 1, Rick formed a new corporation, Red Inc. He spent $3,000 in legal fees and paid the state $600 in incorporation fees. Red, Inc. started operating its business on May 10. Can Rick or Red, Inc. deduct either of these organizational fees?

Reference no: EM131790756

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Discuss deduct either of these organizational fees

Reference no: EM131790756

Reference no: EM131790756

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