Your client is starting a new business. Your client is the sole shareholder and transferred cash in

Your client is starting a new business. Your client is the sole shareholder and transferred cash in exchange for all of the stock. The corporation will incur various start-up expenses prior to the business opening. Research the tax treatment of start-up expenditures, including the point at which a corporation begins for determining what expenses are included. In your initial discussion post include a summary of a court case that dealt with the above issue. Ensure to provide your reference in APA-Format Tina is the only shareholder of Edgecombe Corporation. Tina’s stock basis is $100,000.

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