Natural Business Year

Natural Business Year

Natural Business Year means:
a fiscal tax year based on the cycle of the given business, rather than a calendar year. The year ends with inventories and activities at a low level, as after winter shipments for a ski manufacturer. Generally, an S corporation must adopt a calendar year, but a fiscal tax year may be adopted to conform to the natural business year of a.

business. Former Revenue Ruling (check if this Rev. Rul. interpretation is current) 87-57, 1987-2, C.B. 117.


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