Pankraz Corporation, a calendar year taxpayer, is formed on April 1, 2018. In connection with its...

 

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Pankraz Corporation, a calendar year taxpayer, is formed on April 1, 2018. In connection with its formation, it incurs organizational expenditures of $54,000. Pankraz wants to claim as much of these expenses as soon as possible. Round per month amount to two decimal places. Round your final answer to the nearest dollar. Therefore, its deduction for 2018 is $ Pankraz Corporation, a calendar year taxpayer, is formed on April 1, 2018. In connection with its formation, it incurs organizational expenditures of $54,000. Pankraz wants to claim as much of these expenses as soon as possible. Round per month amount to two decimal places. Round your final answer to the nearest dollar. Therefore, its deduction for 2018 is $

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For organizational expenses 5000 write off is allowed i... View the full answer