Date issue on tax books
I am doing a comparison of the assets on the corporate books versus my federal tax book. I noticed that I have assets with a date placed in service with a date placed in service on January 7, 2012 that went to the prior fiscal year on the tax books 2011. Our tax calendar is a standard monthly calendar, so my expectation would have for it to go to the first month of the year. Can anyone give me guidance as to why this would be?
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