What tax year-end must an unincorporated entity with only one owner adopt?
A) The entity may adopt any year-end except for a calendar year-end.
B) The entity must adopt a calendar year-end.
C) The entity must adopt the same year-end as its owner.
D) The entity is free to adopt any tax year-end.

Question

Quizplus · Accepted Answer

An unincorporated entity with only one owner, such as a sole proprietorship, must adopt the same tax year-end as its owner, typically aligning with the owner's individual tax filing requirements.

What Tax Year-End Must an Unincorporated Entity with Only One