Current deduction for stores' pre-opening costs

Stevens, Michael G.
February 1997
Practical Accountant;Feb97, Vol. 30 Issue 2, p34
Trade Publication
Discusses the tax law which concerns the tax deduction of stores' pre-opening expenses. Similarity of the pre-opening expenses incurred to operating expenses of established stores; Inclusions of operating expenses; Specifications of the Technical Advice Memorandum 9645002; Explanation of the Letter Ruling 9331001. INSET: Another favorable INDOPCO ruling on training costs..


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