Tax blog
Tax Court Rules: No Deductions for Abandoned Start-Up Costs
When Does a Business Officially Start? The IRS Weighs In Starting a business comes with many expenses, but not all of them are immediately deductible. According to a recent Tax Court ruling (Eason, TC Summ. Op. 2024-17, 8/13/24), taxpayers cannot
February 13, 2025
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