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Hello,
I have a quick question related to Tennessee single-member-llcs taxed as a C-corporation.
Say the LLC was formed on December 7th, 2018 and they file form 8832 in time to be taxed as a C-corporation.
None of the following apply (source: https://www.thebalancesmb.com/how-do-i-determine-my-company-s-fiscal-year-397563)
''Generally, anyone can adopt the calendar year as their tax year. However, if any of the following apply, you must adopt the calendar year:''
Would the form 1120 due date then be March 15th, 2020?
I have a quick question related to Tennessee single-member-llcs taxed as a C-corporation.
Say the LLC was formed on December 7th, 2018 and they file form 8832 in time to be taxed as a C-corporation.
None of the following apply (source: https://www.thebalancesmb.com/how-do-i-determine-my-company-s-fiscal-year-397563)
''Generally, anyone can adopt the calendar year as their tax year. However, if any of the following apply, you must adopt the calendar year:''
- You keep no books or records;
- You have no annual accounting period;
- Your present tax year does not qualify as a fiscal year; or
- You are required to use a calendar year by a provision of the Internal Revenue Code or the Income Tax Regulations.
Would the form 1120 due date then be March 15th, 2020?