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Financial - JDE1 (MOSC)

Short Tax Year depreciation

Oct 8, 2014 10:29AM edited Oct 28, 2014 5:49PM in Financial - JDE1 (MOSC) 2 commentsAnswered

Has anyone dealt with the short tax year for fixed asset tax depreciation?

More info:

According to Deloitte, the IRS will recognize mid-quarter based on the 2 months. So it will be broken into four 15 days periods.
Our fiscal year end was April 30.
We were purchased June 30.
We will not be changing our fiscal date pattern to accommodate the 2 month period.

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