larue
Level 1
‎12-16-2019 12:37 PM

the c corp was established 3/24/19  fiscal year end is 9/30/2019... creates an error

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George4Tacks
Level 15
‎12-16-2019 12:37 PM

Do the input in the 2019 program. Probably best to file extension, since I doubt the program will be fully polished by the due date 1/15/2020/ 


Answers are easy. Questions are hard!
IRonMaN
Level 15
‎12-16-2019 12:37 PM

If you are entering that on the 2018 program you are going to come up with that kind of error. 


Slava Ukraini!
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Just-Lisa-Now-
Level 15
Level 15
‎12-16-2019 12:37 PM
Looks like there is no 1120 available yet for 2019...so what do corps in this situation do?  just file an extension?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
‎12-16-2019 12:37 PM
File an extension. Or, can be done on 2018 forms manually, with 2019 dates written in, and paper filed.

The more I know the more I don’t know.
Just-Lisa-Now-
Level 15
Level 15
‎12-16-2019 12:37 PM
Is there some kind of advantage to choosing a fiscal year over a calendar year?   

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
‎12-16-2019 12:37 PM
Some people think so -  ie using a natural business year. Personal service corps have some hoops to jump through if they choose fiscal year.

The more I know the more I don’t know.