Organizational Expense Debacle!!!!!!!!!!!!!!!!!!!! $5k or $10k?!? - Page 3

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  • #160867
    Anonymous
    Inactive

    So I am now using both Becker and CPA Excel and have come across an interesting issue. Per Becker, the organizational expense limit is $5,000 with any qualifying expense excess amortized over 18 months, up to 50,000, with a reduction dollar for dollar on the 5,000 of any excess over the 50k limit. CPA Excel says it’s $10,000 and 60k limit, effective 2010. ANyone else noticed this? I have the 2011 Becker books and didn’t see any mention in there.

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