Once a corporation has elected a taxable year,it can change the taxable year without IRS permission if

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The corporation can change its taxable year without IRS permission in all of the above situations. The IRS allows corporations to change their taxable year without permission as long as they meet certain criteria, including not being an S Corporation, not changing their taxable year within the past five years, and not using the change as a way to avoid taxation. Additionally, if the change results in a short period with a net operating loss that the corporation wants to carry forward, it can still make the change without permission.

Once a Corporation Has Elected a Taxable Year,it Can Change