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Getting Started Automatically—IRS Modifies Rules for Start Up and Organization Costs
Manage episode 155580413 series 1161335
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The IRS issued new temporary regulations that deal with start-up and corporate and partnership organization costs. Interestingly enough, the new regulations now create an automatic election to expense/amortize all such costs, and treat problems related to the identification of costs or the proper year to begin amortization as accounting method issues.The materials are located online at http://www.edzollars.com/2008-07-14_Section_195.pdf .The podcast is sponsored by Leimberg Information Services, located at http://www.leimbergservices.com .
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