Our company started in 2006. An outside organization prepare 2006 tax returns. The 2006 tax returns stated that that start up costs would be amortized over 180 months beginning in Jan 2007. In 2007 the same organization completed the 2007 return and also made a statement that start up costs would begin in Jan 2008 and amoritized over 180 months. This is real confusing. Did we lose the start up costs from 2007? What can I amortize in 2008 and are the expenses from 2008 totally deductible in 2008 (given that they are authorized deductions).

Thank-you,
confused