Alternate between using Cheetah and RIA Checkpoint to arrive at your answers.

$1.$ On May $1,$ Rick formed a new corporation, Red, Inc. He spent $$3,000$ in legal fees and

paid the state $$600$ both for incorporation fees. Red, Inc. started operating its business on

May $10.$ Can Rick or Red, Inc. deduct either of these organizational fees? Please use

Cheetah with only the Internal Revenue Code database selected. State in your answer the

keywords you used to arrive at your conclusion. The format of your answer should be as

follows:

Issue:

Facts:

Law: $($internal revenue code section$($s$)$

Analysis and discussion

Examples of keywords used