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In 2014 C-corp filed its initial 2013 tax return. When they came to me in 2015 I prepared their 2014 tax return and went with the default calendar year.
A few weeks later, the IRS sent a letter asking which year was the correct one. It turns out that the corporation filed its first year return as a fiscal year ending May 31.
The corporation has decided that calendar year is more favorable to them instead of the fiscal year they chose. So how do I correct the year? Do I go back and amend the 2013 tax return and switch it to calendar year? Do I amend 2014 tax return and include form 3115 for change in year?