Fast Track Corporation, a calendar year C Corporation, is formed and begins business on April 1, 2015
Fast Track Corporation, a calendar year C Corporation, is formed and begins business on April 1, 2015. Fast Track
incurs the following transactions in connection with the formation of the business:
Organizational expenditures of $54,000
How much deduction will Fast Track Corporation be able to take as organizational expenditures for 2015?
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