$12\mathrm{.}0\%$ complete

Question

Under what circumstances may a taxpayer use a fiscal year tax period?

A$.$If the taxpayer does not keep books or accounting records.

B$.$If the taxpayer just opened a new business.

C$.$If the taxpayer has a tax year of less than $12$ months.

D$.$If the taxpayer requests a fiscal year end with the filing of his first tax return.