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.
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