Final Short Year CA S-Corp Return

Forum|Forum|4 years ago
March 6, 2022
1 reply
6 views

I have a client that was a CA S-corp and domesticated in NV on 11/30/2021. How do I change the CA tax year-end to 11/30/2021 without changing the Federal tax year-end as well? Thanks in advance!

Lacerte Tax

This topic has been closed for replies.

Best answer by strongsilence

Can you have different year-ends? If you could, then think of the tax deferral opportunities!

Why do you ask this question? Is it a software hurdle?

Sometimes I make 12/31 the YE in the software even though the corp legally terminated a few months prior. I don't know what harm there would be in doing this.

'domesticated'. I know what you mean but 'domesticated' is not the correct word. Or concept. Unless your client is a cow.😂🤣

S

strongsilenceAnswer

Level 10

Can you have different year-ends? If you could, then think of the tax deferral opportunities!

Why do you ask this question? Is it a software hurdle?

Sometimes I make 12/31 the YE in the software even though the corp legally terminated a few months prior. I don't know what harm there would be in doing this.

'domesticated'. I know what you mean but 'domesticated' is not the correct word. Or concept. Unless your client is a cow.😂🤣

A

amarefan1Author

Level 3

Thank you. Yes, it was a software hurdle. I was not sure if CA could have a year-end of 12/31 if it surrendered on 11/30. I will just leave it as 12/31.

Sign up

Login with SSO

Let's get you signed in

Login with SSO