grandmabee Posted February 2, 2009 Report Share Posted February 2, 2009 new client. last year filed 1120s for short tax year 07/01/07--09/30/07 on the 2007 form this year 10/01/07 thru 09/30/08 filed on 1120s 2008 but error comes up and when I double check instruction it says to file on the 2007 tax form. Will that be a problem with two 2007 forms filed. I thought you filed on the form which the end of the month falls on. ending 09/30/08 file on 2008. Any help please Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted February 2, 2009 Report Share Posted February 2, 2009 It appears as though the client has a fiscal year end. The short year is correct and you probably put the dates at the top of the form since it was a fiscal ye. Since the next fiscal year began in 2007, it is also a 2007 return and would be for a full year with the correct dates at the top. Quote Link to comment Share on other sites More sharing options...
Bart Posted February 2, 2009 Report Share Posted February 2, 2009 I thought you filed on the form which the end of the month falls on. ending 09/30/08 file on 2008. Any help please The determining factor is the year the first day of the tax year falls in, not the last day. You would file another 2007 return. Quote Link to comment Share on other sites More sharing options...
ed_accountant Posted February 3, 2009 Report Share Posted February 3, 2009 Are you also filing the required form 8752, Required Payment or Refund under Section 7519? Fiscal Year S-Corps are not so common. The IRS requires form 8752 for fiscal year S-Corps, since the year end is not a calendar year. Bart is correct. File a second return using the 2007 income tax return. You can duplicate/copy the return in your system and changes the dates.... Quote Link to comment Share on other sites More sharing options...
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