![ProConnect Help](https://uxfabric.intuitcdn.net/web-app/sh-exp-pcg-app-experience/pcg_ohh_icon.2bb472dd.png)
Entering tax year information for business returns in ProSeries
by Intuit• Updated 7 months ago
This article will assist you with entering tax year information in ProSeries business returns.
How do I enter tax year information for business returns in the program?
- Tax Year Information can be entered on the Tax Year and Filing Information section of the Information Worksheet.
- Mark the Calendar year checkbox for a calendar year return.
- Mark the Fiscal Year checkbox and enter the Ending Month for a fiscal year return.
- A fiscal year is 12 consecutive months ending on the last day of any month, except December.
- This information will flow automatically to most state returns which support a fiscal year end date.
- If the state return year end date differs from the federal return, the appropriate date is entered on the Information Worksheet for the state return under the Tax Year and Filing Information section.
- Fiscal year businesses should file their tax returns for the year in which their fiscal year begins.
- Mark the Short Year box and enter the beginning and ending date for a short year return.
- 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):
- Aren't in existence for an entire tax year; or,
- Change your accounting period.
- Tax on a short period tax return is figured differently for each situation.
- 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):
For more information, refer this IRS Tax Years webpage.
Sign in now for personalized help
Ask questions, get answers, and join our large community of Intuit Accountants users.
More like this
- Entering information from Form 1099-LTC in ProSeriesby Intuit•120•Updated April 06, 2024
- Electronic filing an extension for business returns (1120, 1120S, 1065, and 1041)by Intuit•196•Updated almost 2 years ago
- Entering Form 1099-R in ProSeriesby Intuit•218•Updated December 20, 2023
- Electronic filing deadlines and perfection periods for business returnsby Intuit•291•Updated July 15, 2024
- E-filing prior-year returns in ProSeriesby Intuit•80•Updated November 21, 2023