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Tax Law (Questions About Taxes)/Short vs Calendar year for C-corp


I am filing an extension for C-corp taxes which was incorporated in October last year (7004 for not being able to find 1120). It is asking if my tax year is "short" because of initial return or should I pick calendar year.Also what is section Regulations section 1.6081-5, (in question 4). Thanks for your help


Thanks for your question.

Certain corporations are required to have a calendar tax year. If this applies to you, your first return will be for less than 12 months, hence a short year and certain special tax calculations are required.  As far as sec 1.6081-5, there are special rules for certain corporations that fall under this category. Read the instructions to determine if your corporation meets this criteria.

John Stancil, CPA

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

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The CPA Journal, Florida CPA Today, Green Consumer, Green Business, Global Sustainability as a Business Imperative, Palmetto Review, NATP TaxPro Quarterly, Mustang Journal of Finance and Accounting.

DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

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