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8716Form (Rev. September 2017) Department of the Treasury Internal Revenue Service Namely or Intellection To Have a Tax Year Other Than a Required Tax Year Go OMB No. 15450123to www.irs.gov/Form8716
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The required tax year is the 12-month period for which you are required to report your income and expenses to the tax authorities.
Anyone who earns income during the tax year is required to file their tax return for that year.
You can fill out your required tax year by gathering all necessary financial information and completing the appropriate tax forms.
The purpose of the required tax year is to accurately report your income, deductions, and credits to determine your tax liability.
You must report all sources of income, deductions, and credits for the tax year on your required tax year.
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