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TAXABLE YEAR2018California Exempt Organization Business Income Tax ReturnCalendar Year 2018 or fiscal year beginning (mm/dd/YYY)FORM109, and ending (mm/dd/YYY). Corporation/Organization name California
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What is calendar year or fiscal?
Calendar year is a one-year period that begins on January 1 and ends on December 31. A fiscal year is a 12-month period that a business or organization uses for accounting and budgeting purposes, but does not necessarily start on January 1.
Who is required to file calendar year or fiscal?
Businesses, organizations, and individuals may be required to file taxes using either a calendar year or fiscal year, depending on their specific circumstances.
How to fill out calendar year or fiscal?
To fill out taxes for either a calendar year or fiscal year, individuals and businesses will typically need to gather financial records, income statements, and expenses for the designated time period. This information is then used to complete the appropriate tax forms.
What is the purpose of calendar year or fiscal?
The purpose of using a calendar year or fiscal year for tax filing is to establish a consistent and standardized time period for financial reporting and tax obligations. This helps ensure accurate record-keeping and compliance with tax laws.
What information must be reported on calendar year or fiscal?
On a calendar year or fiscal year tax return, individuals and businesses typically report income, expenses, deductions, credits, and other financial information relevant to their tax obligations for the designated time period.
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