ACC 455 Week 3 Learning Team Problem Set - 92638

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Team C Learning Team Problems Date Team C C: 3-3: Because Stan and Susan are currently calendar year taxpayers, they can keep the calendar year or choose a fiscal year depending on when the corporation starts-up. Except if they choose to go with a S corporation. In which they must choose a calendar year. The tax election is the calendar year or fiscal year and the accounting year would follow the one choose. For the calendar year, the corporation reports income and expense from January first to December 31. If the corporation starts up after this date, they must file a short tax year for all the days in operation between the start-up date and the end of the year...
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Team C Learning Team Problems


Team C