Jimmy Awad
Level 2
12-17-2020
11:13 PM
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Why Proconnect does not generate the short year beginning and ending dates on the top of the Form 1065 for initial return of partrship which started during the year?
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George4Tacks
Level 15
12-18-2020
12:33 AM
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It is still a calendar year filing.
Here's wishing you many Happy Returns
Jimmy Awad
Level 2
12-18-2020
07:24 AM
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Yes, but it should be short year.
IRS: Short Tax Year
A short tax year is a tax year of less than 12 months. A short period tax return may be required when you (as a taxable entity):
- Are not in existence for an entire tax year, or
- Change your accounting period.
