Question: Choose the incorrect statement. a. The choice to file on a fiscal year-end basis must be made with an initial tax return. b. Books and

Choose the incorrect statement. a. The choice to file on a fiscal year-end basis must be made with an initial tax return. b. Books and records may be kept on a different year-end basis than the year-end used for tax purposes. c. Almost all individuals file tax returns using a calendar year accounting period. d. An individual may request IRS approval to change to a fiscal year-end basis if certain conditions are met.

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