Navigation » List of Schools, Subjects, and Courses » Accounting 015 – Tax Accounting I » Chapter 11 Homework » Chapter 11 Homework Question 2
With Answers Good news! We are showing you only an excerpt of our suggested answer to this question. Should you need our help in customizing an answer to this question, feel free to send us an email at 
or chat with our customer service representative.
Chapter 11 Homework Question 2
Question
Chapter 11 Homework
2. Most individuals use the calendar year as their tax year. What requirement, if any, in the tax law causes this?
- There is no requirement in the tax law that requires individuals to use the calendar year as their tax year.
- The tax law states that all taxpayers must use the calendar year as their tax year, no exceptions.
- The tax year must coincide with the year used to keep books and records. Taxpayers who do not have books must use the calendar year.
- The tax law contains incentives for taxpayers that use the calendar year as their tax year.
This question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Chapter 11 Homework