If C corporation incorporated in spring, expenses incurred thereafter as "start-up" and then business operations begin in August, is the short tax year from the incorporation/organization date OR from the business start date?
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Your short tax year should be from incorporation date to the end of the year.
Please read this IRS document for more information.
THank you for replying. I have read similar information but there isn't a lot of detail. TT Business automatically puts my operations start date as the short return start date. There doesn't seem to be anyway around that, other than to say my operations began on the formation date.
I figured out how to override the short year start date in TT Business to make it the incorporation/organization date.
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