(Solution) - Change In Accounting Period In which of the following instances -(2025 Original AI-Free Solution)

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Change In Accounting Period. In which of the following instances is a taxpayer permitted to change accounting periods without IRS approval?
a. A calendar-year taxpayer who wishes to change to a year that ends on the last Friday in December.
b. ABC Partnership has filed its tax return using a fiscal-year ending on March 31 for over 40 years. The partnership wishes to change to a calendar year-end that coincides with its partners' year-end.
c. Iowa Corporation, a newly acquired subsidiary, wishes to change its year-end to coincide with its parent.