Question 12 of 15.

Ellen and Matilda, both calendar-year taxpayers, each own a 15% interest in Partnership MNO. Orron, Inc., whose fiscal year ends on March 30th, owns a 70% interest in Partnership MNO. Partnership MNO has not established a business purpose for using a different tax year, nor has it made a fiscal year tax-year election. On what date will Partnership MNO's required tax year end?

March 30th.

April 15th.

June 30th.

December 31st.