Maximizing the Deduction for Start-Up Expenses

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Individuals starting a new business or acquiring the assets of an existing business often incur start-up expenses, which can be considerable, in the investigation and acquisition phase before actual business operations begin.  Most start-up expenditures can be segregated into two broad categories (a) investigatory expenses and (b) business pre-opening costs. Taxpayers can immediately deduct up to $5,000 of start-up expenses … Read More