What tax year-end must unincorporated entities with only one owner adopt?
A) The entity is free to adopt any tax year-end
B) The entity must adopt the same year-end as its owner
C) The entity must adopt a calendar year-end
D)The entity may adopt any year-end except for a calendar year-end

Question

Quizplus · Accepted Answer

Unincorporated entities with only one owner, such as sole proprietorships, must adopt the same tax year-end as their owner, which is typically the calendar year-end unless the owner has a different fiscal year-end.

What Tax Year-End Must Unincorporated Entities with Only One Owner