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How can you adopt and report a fiscal year (4/1 - 3/31) for an Individual? Can it be e-filed?

gregorylucyshyn
Level 1
This is for a 1040.  The instructions for Form 1040 state to write “Tax Year” and the beginning and ending months
of your fiscal year in the top margin of page 1 of Form 1040 or 1040-SR
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2 Comments 2
sjrcpa
Level 15

Can't be efiled. Consider carefully if you really want to do this. it is a big pain since most everything gets reported on a calendar year basis.


Ex-AllStar
Terry53029
Level 14
Level 14

Has your client filed returns in past using calendar year, if so he needs permission from IRS to change