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View Full Version : What is an american tax year?


tdar
Mar 18, 2010, 02:40 PM
Does the American tax year run from Jan-Dec for employees?

cdad
Mar 18, 2010, 02:46 PM
Yes. Starts Jan 1st and runs to midnight Dec 31st.

AtlantaTaxExpert
Apr 30, 2010, 02:06 PM
Employees CAN use a fiscal tax year, say 1 June to 31 May, but it has to be proposed to the IRS and approved BEFORE the fiscal tax year begins.

Most people and most companies do not bother, even though there ARE advantages to have a different tax year than everyone else.