A C Corporation Must Use a Calendar Year as Its

question 20

True/False

A C corporation must use a calendar year as its tax year unless it has a substantial business purpose to use a fiscal year.

---

Definitions:

Human Immunodeficiency Virus

A virus that attacks the body's immune system and can lead to acquired immunodeficiency syndrome (AIDS) if not treated.

AIDS

Acquired Immune Deficiency Syndrome, a life-threatening condition caused by the human immunodeficiency virus (HIV), leading to a severely weakened immune system.

Necrophilia

A paraphilic disorder characterized by a sexual attraction to corpses.

Paraphilias

Sexual arousal from fantasies, behaviors, or urges involving nonhuman objects, the suffering of self or others, and/or nonconsenting persons.