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    tdar's Avatar
    tdar Posts: 9, Reputation: 1
    New Member
    		  
    #1

    Mar 18, 2010, 02:40 PM
    What is an american tax year?
    Does the American tax year run from Jan-Dec for employees?
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
    		  
    #2

    Mar 18, 2010, 02:46 PM

    Yes. Starts Jan 1st and runs to midnight Dec 31st.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    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.
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