IRS Disallows Write-Off of Startup and Organizational Costs in a Technical Termination

New partnerships formed from technical terminations�must�step into the shoes of the terminated partnership and continue to amortize Sec. 195 startup expenditures and Sec. 709 organization fees using the same amortization period the terminated partnership used.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/2LsF5RhG1eo/clinic-story-03.aspx

tax preparer tucson tax preparation tucson tucson quickbooks help city of tucson sales tax bookkeeper tucson