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

Question

Quizplus · Accepted Answer

If a corporation does not choose to amortize its organizational expenditures, it can still deduct them in the year incurred as a current expense under certain circumstances. However, if it elects not to assign a portion of the expense to each year of the entity's existence, it loses the ability to amortize the expense over time.

If a Corporation Does Not Choose to Amortize Its Organizational