Sole Proprietorships Must Use the Same Tax Year as the Proprietor

question 22

True/False

Sole proprietorships must use the same tax year as the proprietor of the business.

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Definitions:

Integrated Pest Management

Integrated pest management (IPM) is an ecological approach to controlling pests, using a combination of techniques and strategies to minimize environmental impact and pesticide use.

Crop Losses

Reduction in the expected yield of agricultural products due to factors like pests, diseases, and extreme weather.

Pesticides

Chemicals used to kill pests, including insects, rodents, fungi, and unwanted plants (weeds), widely applied in agriculture to protect crops.

Cultivation Practices

The methods and techniques used in farming and agriculture to grow crops and raise livestock.