Problem 11 6 (Algorithmic) Special Deductions and Limitations (LO 11 3) Beech Corporation, an accrual basis, calendar year taxpayer, was organized and began business in June of the current calendar tax year During the current year, the corporation incurred the following expenses Line Item Description Amount State fees for incorporation $ 940 Legal and accounting fees incident to organization 3,290 Expenses for the sale of stock 3,760 Organizational meeting expenses 3,995 Round per month calculation to two decimal places Round your final answer to the nearest dollar Assuming that Beech Corporation wishes to deduct organizational expenses as quickly as possible, calculate the corporations deduction for its current calendar tax year fill in the blank 1 of 1$

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Question: Problem 11-6 (Algorithmic) Special Deductions and Limitations (LO 11.3) Beech Corporation, an accrual-basis, calendar-year taxpayer, was organized and began business in June of the current

Problem 11-6 (Algorithmic) Special Deductions and Limitations (LO 11.3)

Beech Corporation, an accrual-basis, calendar-year taxpayer, was organized and began business in June of the current calendar tax year. During the current year, the corporation incurred the following expenses:

Line Item Description	Amount
State fees for incorporation	$ 940
Legal and accounting fees incident to organization	3,290
Expenses for the sale of stock	3,760
Organizational meeting expenses	3,995

Round per month calculation to two decimal places. Round your final answer to the nearest dollar.

Assuming that Beech Corporation wishes to deduct organizational expenses as quickly as possible, calculate the corporations deduction for its current calendar tax year. fill in the blank 1 of 1$

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