Finance & markets · 17/08/2011

IRS Releases Final Regulations on Start-Up Expenditures, Corporation Expenditures, and Partnership Expenses

The IRS has released final regulations on deductions for start-up expenses, corporate organizational expenses, and partnership organizational expenses, affecting taxpayers who incurred these expenses after October 22, 2004, and outlining the process for electing deductions under the American Jobs Creation Act of 2004.