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

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A corporation can change its taxable year without IRS permission if it is not an S corporation, if the resulting short period has a net operating loss of $100,000 that the corporation wants to carry forward, or if the corporation changed its taxable year seven years ago. Therefore, all of the above situations are valid reasons for a corporation to change its taxable year without IRS permission.

Once a Corporation Has Elected a Taxable Year, It Can