Randall Posted October 8, 2024 Report Posted October 8, 2024 Can you change a tax year for an S Corp? I thought they were required to use the calendar year. Unless there's a good reason to use a different fiscal year. I have a client asking. I see Form 1128 but I haven't gone thru the reasons yet. Does anyone have any experiences in this and is the procedure routine? Or does IRS require a very good reason for approving? Quote
Lee B Posted October 8, 2024 Report Posted October 8, 2024 Here is a good discussion in The Tax Advisor: https://www.thetaxadviser.com/issues/2009/apr/scorporationtaxyearrules.html 1 Quote
Randall Posted October 9, 2024 Author Report Posted October 9, 2024 16 hours ago, Lee B said: Here is a good discussion in The Tax Advisor: https://www.thetaxadviser.com/issues/2009/apr/scorporationtaxyearrules.html Thanks. Quote
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