My client closed up their business on 12/15/2023 - calendar year taxpayer.
Do I file on 2022 tax form or 2023 ?
For tax returns, the form year is the one for the first day of the year, not the last. Therefore, a June 30, 2023 return is filed on a 2022 form.
Calendar years begin on Jan 1, 2023, it goes on 2023 form.
Yours is a short-year 2023.
A Schedule C filer has to do a short-year return? The guy's not dead, he just closed the business.
But if the 2023 forms are not yet available for an 1120 filer, you can use the 2022 form and cross out the year. Usually these short-year questions involve what form to use. As does this one.
So would I, if the client is an 1120 filer. That's why I asked.
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