Prior to initiating operations, every business spends money to develop the idea and create the legal entity. These types of costs are referred to as ‘Organizational Expenses’. There are several different types of organizational [...]
Section 197 of the Internal Revenue Code reflects intangible costs associated with business operations. Intangible costs include the purchase of Goodwill, refinancing costs and patents/copyrights.
Copyright 2012 - 2017