Section 444 Election Rules, Payments, and Termination Partnerships, S corporations, and personal service corporations (PSCs) that want a fiscal year end different from their required tax year can file IRS Form 8716 to make a Section 444 election
Form 8716 (Rev. August 2021) - Internal Revenue Service Form 8716 is filed by partnerships, S corporations, and personal service corporations (as defined in section 441(i)(2)) to elect under section 444 to have a tax year other than a required tax year
Internal Revenue Service Specifically, Taxpayer requests an extension of time to file Form 8716, Election to Have a Tax Year Other Than a Required Tax Year, to adopt a taxable year ending on Date 3, effective for Year 1
www. penndot. gov DATE February 2024 Edition, Change No. 2 TC-8716 Sheet 1 New standard drawing and notes for Type III Barricade detail Sheet 2 New standard drawing for retroreflective tape requirement and various sign mounting examples
Form 8716 Section – 444 Services for Accounting Firms Form 8716 is how partnerships, S corporations, and PSCs elect a fiscal year under Section 444, instead of the required tax year The IRS confirms scope on the “About Form 8716” page