When does a tax year officially end?

Question

As far as city taxes go.

Answer 1

Tax year ends on December 31, every year.

Answer 2

A fiscal year or financial year is a 12-month period used for calculating annual ("yearly") financial reports in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting require such reports once per twelve months, but do not require that the twelve months constitute a calendar year (i.e. January to December).

However, a new company or business has to decide at the beginning on which month its fiscal year will start, and then (generally) stay with it. In the United States, the business' tax year is the same as its fiscal year, and must file its tax return by the 15th day of the third month following the fiscal year end. That is, if the fiscal year ends on December 31, then the return is due by March 15.

Answer 3

December 31

Answer 4

Most tax years are the calendar year, so end 12/31. Businesses vary more from this than individuals.

Answer 5

There is a grey area here, as the end of year payroll numbers and 1st day of January are rarely ever the same. The W2 will usually relect the ending payroll. City taxes, etc. may be different,
they could pick any number they want.

Answer 6

It's called fiscal year. Many begin/end in July, many others in January. Your city decides. Depends on the type of tax. Some, like sales tax, don't end. Others, like real estate tax will show on your tax bill.

Answer 7

December 31 of any given year

Answer 8

December 31, 200s6.

Answer 9

dec 31