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XYZ Partnership has the following partners: Thomas, who holds a 30% interest. Lori, who holds a 25% interest. Quality, Inc., a corporation that holds a
XYZ Partnership has the following partners: Thomas, who holds a 30% interest. Lori, who holds a 25% interest. Quality, Inc., a corporation that holds a 45% interest. Thomas and Lori are calendar-year taxpayers. Quality, Inc. uses a fiscal year that ends on October 31. On what day does XYZ's tax year end?
A: January 31.
B: April 15.
C: October 31.
D: December 31.
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