Expenses of temporary directors and of organizational meetings $ 20,000
Fee paid to the state of incorporation &n bsp; 1,600
Accounting services incident to organization 6,800
Legal services for drafting the corporate charter and bylaws 2,000
Expenses incident to the printing and sale of stock certificates 4,000
&nb sp; = $34,400
Assume Coral Corporation makes an appropriate and timely election under § 248(c) and the related Regulations. What is the maximum organizational expense Coral may write off for tax year 2009?
e. None of the above.
This question was asked on May 04, 2010.
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