In which oft he following cases must the taxpayer annualize its income for a period of less
Question:
In which oft he following cases must the taxpayer annualize its income for a period of less than 12 months?
a. Alpha Corporation was formed on August 17 and decided to report on the calendar year.
b. Beta Corporation was formed on March 8 and decided to use the fiscal year ending July 31.
c. Gamma Corporation has been using a fiscal year ending April 30 and changed to a calendar year.
d. Zeta Corporation, a calendar-year corporation, was liquidated on September 23.
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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