If Jett Corporation receives a charter in 2015 but does not begin operations and file its first tax return until 2017,Jett may elect a fiscal year on the 2017 return.

Name: If Jett Corporation receives a charter in 2015 but does not begin operations and file its first tax return until 2017,Jett may elect a fiscal year on the 2017 return.
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Since tax returns were required for 2015 and 2016,the returns are not timely filed and the election may not be made.

If Jett Corporation Receives a Charter in 2015 but Does