Regular corporations are free to choose any fiscal or calendar year as their tax year.

Name: Regular corporations are free to choose any fiscal or calendar year as their tax year.
Brand: Quizplus
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Question

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Regular corporations (C corporations) can choose any fiscal year as their tax year, which means they are not required to align their tax year with the calendar year and can instead select a fiscal year that ends on the last day of any month.

Regular Corporations Are Free to Choose Any Fiscal or Calendar