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  #11  
Old 08-09-2012, 06:45 PM
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cutman2000 cutman2000 is offline
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Originally Posted by Burnie View Post
I decided June 30th for my business, that way I don't have to deal with both at the same time. BTW my business is a C corp.
For a basic LLC, would it be easier/beneficial to stick with jan1/dec31?
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Old 08-09-2012, 06:45 PM
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Originally Posted by cutman2000 View Post
Are you saying everyone has the same fiscal year?
No. http://en.wikipedia.org/wiki/Fiscal_year
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Old 08-09-2012, 06:48 PM
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Originally Posted by cutman2000 View Post
For a basic LLC, would it be easier/beneficial to stick with jan1/dec31?
Are you a single-member llc? If so, your fiscal year must match your personal income tax filing year (calendar).
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  #14  
Old 08-09-2012, 06:59 PM
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Are you a single-member llc? If so, your fiscal year must match your personal income tax filing year (calendar).
Single,yes. I was planing on doing the "calendar year"(jan1/dec31), I thought I had a choice as far as taxes(fiscal year vs calendar year). Thanks Tony

Last edited by cutman2000; 08-09-2012 at 07:05 PM.
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