fiscal year

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fiscal year

(FY) (fiskăl yēr)
Any 12-month cycle that a business or other enterprise chooses to organize its financial reporting.
References in periodicals archive ?
Under both the existing and new laws, conversion income is included in the return for the tax year which the funds are transferred or withdrawn from the regular IRA.
For property placed in service in tax years beginning after 1989, depletion must be determined under the cost depletion method.
If a taxpayer changes to or retains a natural business year or an ownership tax year and that year no longer qualifies as a permitted year, the taxpayer is using an impermissible year and should change to a permitted year.
For most corporations that paid a tax liability and did not have a short tax year in 1989, the first quarter federal estimated tax payment can be based on the prior year tax liability (section6655(d)(2)(B)).
A PSC seeking to change its tax year that elects S status for the tax year following the short tax year.
If a taxpayer that is eligible under this notice to participate in this initiative files all required returns for tax years ending in 1996 and all subsequent years for which the applicable deadline set forth in Regs.
These considerations include, without limit, the time remaining in the tax year following the CERT, whether to include the interest expense deductions of both the acquiring and target corporations when computing the "safe haven" interest calculation in Sec.
Election Out: This election applies to all qualified property that is in the same class and placed in service in the same tax year.
In 2001, taxpayers can use their American Express, Discover Card or MasterCard to make their tax year 2000 Balance Due, tax year 2000 Extension and tax year 2001 Estimated Payments by calling 1-800-2PAY-TAX or by visiting www.
5, 1997, the NOL is carried back to each of the two tax years preceding the tax year of the loss, and is then carried forward to each of the 20 tax years following the tax year of the loss; see Sec.
Contribution Deadline: An individual will be deemed to have made an education IRA contribution on the last day of the preceding tax year if the contribution is made on account of that year and made not later than the due date, excluding extensions, for filing the individual's federal income tax return for that year.