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Florence accommodationStarting Your Business/Keeping Records You must, with certain exceptions, get IRS approval to change yourtax year. File a current Form1128 by the 15th day of the 2nd calendar month after the close of the short taxyear to get IRS approval. (The short tax year begins on the first day after the end ofyour present tax year and ends on the day before the first day of your new tax year.) Youmust also include the correct user fee, if any, with Form 1128. Important References: Publication 538, Accounting Periods and Methods |