IRS CCA: Increased Start-Up Expenditure Deduction Only for Taxable Years Beginning in 2010 (IRC §195)

The increased deduction for start-up expenditures only for taxable years beginning in 2010 are supported by the Senate Finance Committee’s Summary of the Small Business Jobs Act, Pub. L. No. 111-240, and a CRS report to Congress on the Small Business Legislation, as well as the JCT report and the statutory language of tax Code Section 195(b)(3) itself, the Chief Counsel’s Office informally advised. [CCA 201927021]

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