A new business is established.It is not a seasonal business.All of the following are acceptable accounting tax years with the exception of
A) an S corporation year ending October 31.
B) a C corporation (not a personal service corporation) tax year ending on February 15.
C) a C corporation (not a personal service corporation) tax year ending on April 30.
D) a partnership tax year ending on October 31 with three equal partners whose tax years end on September 30,October 31,and November 30.
Correct Answer:
Verified
Q2: An S corporation elects a September 30
Q3: Emma,a single taxpayer,obtains permission to change from
Q4: If the majority of the partners do
Q5: A partnership must generally use the same
Q6: Individual taxpayers who change from one accounting
Q8: An improper election to use a fiscal
Q9: A newly married person may change tax
Q10: A partnership must generally use the same
Q11: A subsidiary corporation filing a consolidated return
Q12: All C corporations can elect a tax
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents