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  • Are organizational & start-up costs tax deductible for a C Corp?

    For a C Corp, there are certain organizational & start-up costs that are considered qualified costs and certain costs that are excluded (i.e. not allowed).

  • Are entertainment expenses tax deductible for C Corporations?

    No, entertainment expenses are no longer deductible. A company is allowed to deduct 50% of the business meals as long as they meet certain requirements. Prior to the 2017 TCJA, C Corporations were able to deduct 50% of their entertainment expenses.