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Fiscal "C" converting to an "S"

  • 1.  Fiscal "C" converting to an "S"

    Posted 25 days ago


    Friends

    I have a fiscal year "C" corp with a year end  Jan 31. Unless otherwise directed, i would file an 1120 for the coming period 1-31-19.  I would like to make an election for "S" effective Feb 1 2019, and convert to a calendar year end. 


    must i apply for a change in year ending , or is it automatic effectuated with the conversion process to an "S" corp.?


    all comments appreciated.

    And

    A Happy holiday to all



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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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