Change tax yearQuestion Can a business' tax year be changed?
Answer Yes, but you must obtain IRS approval to do so. Depending on the reason for the change, approval may be automatic or discretionary.
You can request a change in your tax year by filing Form 1128, Application to Adopt, Change, or Retain a Tax Year. You must also include a user fee (an amount set by the IRS) for this request. 
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
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