Mallard Corporation, a C Corporation That Is Not a PSC

question 87

Essay

Mallard Corporation, a C corporation that is not a PSC, incorporated in December 2012 and expects to have substantial organizational expenditures. Discuss tax planning strategies that Mallard should consider in order to maximize the deduction for organizational expenditures.

---

Definitions:

Biological factors

Inherent physiological attributes that influence behavior, health, and development in humans and animals.

Organic failure to thrive

A condition in infants and young children characterized by a significant lack of physical growth and development for organic reasons such as underlying medical conditions.

Nonorganic failure to thrive

A condition observed in infants and young children who do not gain weight or grow as expected, without an underlying organic cause.

Adult's arms

Refers to the physical capacity and comfort that adults provide through holding or embracing, often conveying security and affection.