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for Calendar Year or Fiscal Year Beginning Mmdd 2017

2017-2025 Form

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[Music] hey it's scott owner cruz consulting and today we're talking about moving your company from a december 31st fiscal year end to a january 31st fiscal year end and this is very it's i wouldn't say very but it's it's some start uh software startups do this um and basically i'll get into the rationale in a second but the how-to part of this is you create a short year financial statement like that the the um january 1st through january 31st short year financial statement you will file your normal taxes um on that december 31st some people call that calendar year um tax return then you'll file a short year return for that january period and then you'll be off and running and again you when it when the year elapses at the end of the january 31st year you will um follow just a regular tax return like that you do have to file a special form with the irs and 1128 which basically tells them that you are changing your

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