I have a client that was a CA S-corp and domesticated in NV on 11/30/2021. How do I change the CA tax year-end to 11/30/2021 without changing the Federal tax year-end as well? Thanks in advance!
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Can you have different year-ends? If you could, then think of the tax deferral opportunities!
Why do you ask this question? Is it a software hurdle?
Sometimes I make 12/31 the YE in the software even though the corp legally terminated a few months prior. I don't know what harm there would be in doing this.
'domesticated'. I know what you mean but 'domesticated' is not the correct word. Or concept. Unless your client is a cow.😂🤣
Can you have different year-ends? If you could, then think of the tax deferral opportunities!
Why do you ask this question? Is it a software hurdle?
Sometimes I make 12/31 the YE in the software even though the corp legally terminated a few months prior. I don't know what harm there would be in doing this.
'domesticated'. I know what you mean but 'domesticated' is not the correct word. Or concept. Unless your client is a cow.😂🤣
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