Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Form 1065 Initial Year

Jimmy Awad
Level 2

Why Proconnect does not generate the short year beginning and ending dates on the top of the Form 1065 for initial return of partrship which started during the year?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
Level 15

It is still a calendar year filing. 

Here's wishing you many Happy Returns
0 Cheers
Jimmy Awad
Level 2

Yes, but it should be short year.

IRS: Short Tax Year

A short tax year is a tax year of less than 12 months. A short period tax return may be required when you (as a taxable entity):

  • Are not in existence for an entire tax year, or
  • Change your accounting period.
0 Cheers