Claiming Tax Deductions for START-UP COSTS for a New Business “Costs incurred during the START-UP PHASE of a business are generally deductible over a 15 year period” (i.e., each $1,500 in start-up costs would be deducted at a rate of $100 per year for 15 years). [ IRC Sec 195(c)(1)(A) ] What IS […]
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