FBF Furniture Corporation formed a subsidiary corporation last year to start a new business of selling children's

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FBF Furniture Corporation formed a subsidiary corporation last year to start a new business of selling children's furniture. The new corporation is called Furniture For Kids, Inc. (Kids). Kids was incorporated in November 2023 and FBF would like to adopt a fiscal year for Kids ending August 31 ( a consolidated return will not be filed.) Kids will have no business activity until sometime in 2024, and therefore will not be required to file a return for the first year of existance. Do you have any advice for FBF regarding the adoption of a fiscal year for Kids

Posted Date: Jun 23, 2024 06:00 AM

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FBF Furniture Corporation formed a subsidiary corporation last year to start a new business of selling children's

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