### Question
How is the term organizational expenditures defined?


### Answer
The term **organizational expenditures** is defined in *26 U.S.C. § 248* as the following:

> any expenditure which—


(1) is incident to the creation of the corporation

#### Citation:
  - *26 U.S.C. § 248*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VIII-SPECIAL DEDUCTIONS FOR CORPORATIONS**

