When does a business purpose exist for selecting a non-calendar tax year for an S corporation?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 06:14 AM

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When does a business purpose exist for selecting a non-calendar tax year for an S corporation?

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Answer The Internal Revenue Service IRS generally requires S corporations to adopt the calendar year as their tax year However there are circumstances ...View the full answer

CCH Federal Taxation Basic Principles 2020

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