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IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF TEXAS FORT WORTH DIVISION IN RE: LIFE PARTNERS HOLDINGS, INC., et al. CASE NO. 1540289RFN11 JOINTLY ADMINISTERED (Chapter 11) E Debtors.
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LP-Class B2 election is a form used by certain taxpayers to elect to treat research and experimental expenditures as deferred expenses.
Taxpayers who incur research and experimental expenditures and wish to defer the costs rather than capitalize and amortize them.
LP-Class B2 election form can be filled out by providing the required taxpayer information, detailing the research and experimental expenses, and indicating the election to defer the expenses.
The purpose of LP-Class B2 election is to allow taxpayers to defer the recognition of certain research and experimental expenditures to future tax years.
The LP-Class B2 election form requires information about the taxpayer's identification, the amount of research and experimental expenses, a description of the nature of the research, and the election to defer the expenses.
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