Organization Cost and Start-Up Costs for 2012?

[AZ-Tax]

Upon looking at 8-17 of the TTB, it states the limit for organization cost remains at $5k/$50K. No mention of this expiring in 2012 or being reduced in 2012. Anyone read anything differently from any other source?

[DaveinTexas]

From the Green Book

Upon looking at 8-17 of the TTB, it states the limit for organization cost remains at $5k/$50K. No mention of this expiring in 2012 or being reduced in 2012. Anyone read anything differently from any other source?

It appears the Administration's intent is to double the amount of the cost deduction and to make it permanent, I took this site from the Green Book:

"Proposal
The Administration proposes to permanently double, from $5,000 to $10,000, the maximum amount of start-up expenditures that a taxpayer may deduct (in addition to amortized amounts) in the taxable year in which a trade or business begins. This maximum amount of expensed start-up expenditures would be reduced (but not below zero) by the amount by which start-up expenditures with respect to the active trade or business exceed $60,000.
The proposal would be effective for taxable years ending on or after the date of enactment."

Here is the entire list of proposals: http://www.treasury.gov/resource-cen...ons-FY2013.pdf