1120 fiscal year change to calender year


A a small (less than $5m anl sales) c corp has been filing
w/a fiscal year calandar...Over the past 5 years. It was
bought out last month by a larger corp who now wants
to change the filing period to a normal calandar, to fit in with
all the other corps held by this parent corp. Do I just file
the 1128 form?
Reply to
~^ beancounter ~^
"~^ beancounter ~^" wrote
You'll have to file a short-year return, after approval, from the end of their FY to December 31 of that year. So, regular FY return from July through June (as an example). Get approval to change year-ends. File short year from July through December. Then go calendar year-end after that.
Reply to
Paul Thomas, CPA
"~^ beancounter ~^" wrote
No prob.......just trying my best to build a book of "accounting" chatter to keep the whiners at bay.
Reply to
Paul Thomas, CPA
Yea, I know I sleep better @ night, knowing someone is watching over all the chat groups on the internet...
Hey...idea here....Whoever is posting all the job ads, is there anything here in the Denver/Boulder/Ft Collins mkt paying over $80k? If so, ping me....
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Reply to
~^ beancounter ~^

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