A calendar year is a period of 12 months that begins on January 1st and ends on December 31st.
The calendar year is important for tax purposes, financial reporting, and other legal and regulatory requirements.
A calendar year follows the traditional January 1st to December 31st period, while a fiscal year can begin on any date and end 12 months later.
Yes, a business can change its fiscal year to a calendar year by filing a request with the IRS.
The deadline for filing taxes for the calendar year is April 15th of the following year.
Yes, you can file your taxes for the calendar year after the deadline, but you may be subject to penalties and interest.
Yes, you can request an extension to file your taxes for the calendar year by filing Form 4868 with the IRS.
The deadline for requesting an extension to file taxes for the calendar year is April 15th.
Yes, you can still receive a refund if you file your taxes for the calendar year after the deadline, as long as you file within three years of the original due date.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 4th April 2024.
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