If a corporation does not choose to amortize its organizational expenditures, such expenses never can be deducted.

Question

Quizplus · Accepted Answer

If a corporation does not choose to amortize its organizational expenditures, it can deduct up to $5,000 of such expenses in the year the corporation begins doing business. Any remaining amount of organizational expenses may be amortized over a period of 180 months (15 years).

If a Corporation Does Not Choose to Amortize Its Organizational