A Business Generally Adopts a Fiscal or Calendar Year by Using

question 119

True/False

A business generally adopts a fiscal or calendar year by using that year-end on the first tax return for the business.

---

Definitions:

Zoning Officer

A municipal official responsible for enforcing local zoning regulations, ensuring land and buildings are used in compliance with planning laws.

Deceit

The act of deceiving someone by concealing or misrepresenting the truth.

Zoning By-Laws

Regulations enacted by municipalities controlling the use of land and buildings, specifying types of buildings allowed in particular areas.

Physical Injury

Bodily harm caused by external force or action, which can include cuts, fractures, burns, or internal damage.