Tax Year End Affected by 2018 or 2017 First Post! So here goes: We are a C corp that just had an 11/30/17 2017 year-end...so fiscal year 2018 technically started in 2017; on 12/1/17.
Our next Year End will be 11/30/18. My question is: since we started FY 2018 in calendar year 2017 and the new 2018 tax changes didn't take effect until 1/1/18.....a month into our fiscal year, which tax rates will our 11/30/18 tax return be subject to....2017 or 2018?
Thank you for your help! Have a great day. Wade |