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Need to enter a short year date, but coming up with error the date is not within the prescribed dates. how do I fix this error

larue
Level 1

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

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6 Comments 6
George4Tacks
Level 15

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

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
Looks like there is no 1120 available yet for 2019...so what do corps in this situation do?  just file an extension?

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sjrcpa
Level 15
File an extension. Or, can be done on 2018 forms manually, with 2019 dates written in, and paper filed.

Ex-AllStar
Just-Lisa-Now-
Level 15
Level 15
Is there some kind of advantage to choosing a fiscal year over a calendar year?   

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sjrcpa
Level 15
Some people think so -  ie using a natural business year. Personal service corps have some hoops to jump through if they choose fiscal year.

Ex-AllStar