Match the following statements.
-Organization costs
A)For the corporate taxpayer, taxed using the regular tax rates.
B)Must be capitalized, but can be amortized over 180 months.
C)For the corporate taxpayer, the rate is 21%.
D)For the corporate taxpayer, cannot be deducted at all in the current tax year.
E)For the corporate taxpayer, limited to 10% of taxable income before certain deductions.

Question

Quizplus · Accepted Answer

Organization costs must be capitalized and can be amortized over a period of 180 months. This allows businesses to spread out the deduction of these costs over time, rather than taking them all at once.

Match the Following Statements