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Volume 2
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- Appendix A
- Glossary
1.306 -Five-Year Amortization of Business Start-Up Costs
| Item | Description | FY2011 | FY2012 | FY2013 |
|---|---|---|---|---|
| 1.306 | Five-Year Amortization of Business Start-Up Costs
Individuals or investors in a trade or business may elect to treat business start-up expenditures as deferred expenses and amortize them over five years. For a more detailed description of this tax expenditure, see corporate excise item 2.304. Origin: IRC S. 195 Estimate: $4.5 |
6 | 5 | 4.5 |
Key:
| ORIGIN | |
| IRC | Federal Internal Revenue Code (26 U.S.C.) |
|---|---|
| U.S.C | United States Code |
| M.G.L. | Massachusetts General Laws |
| Rev. Rul.; C.B. | Revenue Ruling; Cumulative Bulletin of the U.S. Treasury |
| ESTIMATES | All estimates are in $ millions. |
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