Final return

[BillMcGowan]

My client closed up their business on 12/15/2023 - calendar year taxpayer.

Do I file on 2022 tax form or 2023 ?

[IRonMaN]

2023

[Accountant-Man]

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.

[BobKamman]

1040 or 1120?

[sjrcpa]

With the possible exception of a NJ corp, the answer is the same.

[BobKamman]

A Schedule C filer has to do a short-year return?  The guy's not dead, he just closed the business.  

[IRonMaN]

Dead or alive, it still goes on a 2023 return 

[BobKamman]

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.  

[sjrcpa]

For a short year ended 12/15/23, I'd wait for the 2023 forms.

[BobKamman]

So would I, if the client is an 1120 filer.  That's why I asked.