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Showing content with the highest reputation on 10/06/2015 in all areas
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You might be better off using calendar year because the 1099s are calendar year. I always default to calendar year at first and switch to fiscal year if it works out better.4 points
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I also prefer using a calendar year if at all possible. However, if it's likely things will wrap up in less than a year, sometimes fiscal works best. In your instance, fiscal vs calendar is only offset by a month so unless there are very unusual circumstances, go for the calendar year.3 points
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Exactly right. First return will be due May 15, 2016.1 point