Discussion:Protective Elections

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Discussion Forum Index --> Tax Questions --> Protective Elections

Chase (talk|edits) said:

12 September 2006
When you prepare the protective elections for org and start up expenses, do you indicate an amount. New Corporate client and I just want to include the elections in the case of future audit and reclassification.

Also, anybody have language that they prefer for the recurring item exeption election?

JCTMSTx (talk|edits) said:

12 September 2006
See Reg. 1.248-1(c) The statement must include desc., amount,and date etc. as well as other info.

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