Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 684 other followers
  • Blog Stats

    • 312,452 hits
  • Posts By Day

    November 2008
    M T W T F S S
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
  • Subscribe

  • Special Pages

Corp Fiscal Years

Posted by taxguru on November 20, 2008

Q:

Subject:  C Corp fiscal tax year.

Hello Kerry,

    I was interviewing an account for my taxes and he was telling me that the only choice for a C Corp fiscal year is either Oct. 1st or Jan. 1st. I could not find the info on the IRS web site and I knew you would know off the top of your head. Thanks for your time. I was wanting the  July 1st to June 30th  like you mention in some of your articles. Thanks for your time.

 

A:

A C corp can have a fiscal year ending at the end of any calendar month. I have some more info on fiscal years on my main website.

It looks like you need to find yourself a professional tax advisor who is a little more knowledgeable about such basic matters.

Consider yourself lucky that this person revealed his ignorance so early in your potential relationship.

Good luck.

Kerry Kerstetter

 

 

Sorry, the comment form is closed at this time.

 
%d bloggers like this: