Instructions For Form 1128 - Application To Adopt, Change, Or Retain A Tax Year (Page 4 of 9) in pdf

using Form SS-4, Application for

nearest to December 31). A

calendar year basis and attaching

Employer Identification, depending on

52-53-week tax year must end on the

Form 1128. If the applicants want to

how soon you need to use the EIN.

date a specified day of the week last

change to a fiscal year, file a Form

Use only one method for each entity

occurs in a particular month or on the

1128 under the procedures of either

so you don't receive more than one

date that day of the week occurs

Rev. Proc. 2006-45, 2006-46,

EIN for an entity. For more information

nearest to the last day of a particular

2002-39, 2002-1 C.B. 1046 or any

on applying for an EIN, see the

calendar month.

successor.

Instructions for Form SS-4.

A newly formed partnership or PSC

Note. Applicants requesting an

that wants to adopt a tax year other

An SSN must be applied for on

automatic approval must complete

than its required tax year must go to

Form SS-5, Application for a Social

Parts I and II only.

Part III after completing Part I.

Security Card. Form SS-5 can be

A user fee is not required if

obtained at SSA offices or by calling

Line 2c. An applicant's first tax year

requesting an automatic

the SSA at 1-800-772-1213 (TTY 1–

TIP

generally starts when business

approval under any of the

800–325–0778). It is also available

operations begin.

sections of Part II listed below.

from the SSA website at SSA.gov.

A corporation's tax year begins at

the earliest date it first:

If the applicant has not received its

Complete Part II if the applicant can

Has shareholders,

EIN or SSN by the time the application

use the automatic approval rules

Has assets, or

is due, write “Applied for” in the space

under one of the sections listed below

Begins doing business.

for the identifying number.

and the application is filed on time.

The initial year ends on the day before

Foreign corporations. If the

the first day of the new tax year.

Section of Part II of Form 1128 To

applicant is a foreign corporation that

If the applicant is changing a tax

Complete

is not otherwise required to have or

year, the required short period return

obtain an EIN, enter “Not applicable”

(usually for a period of less than 12

in the space provided for the

Complete

months) is for the period that begins

If the applicant is:

identifying number.

only:

on the day following the close of the

A corporation (other than an S

Section A

Address

old tax year and ends on the day

corporation or a PSC)

before the first day of the new tax

Include the suite, room, or other unit

year.

A partnership, S corporation,

Section B

number after the street address. If the

PSC, or a trust

For example, in 2017, a

Post Office does not deliver mail to

corporation, which has a tax year

the street address and the filer has a

An individual

Section C

ending December 31, requests a new

P.O. box, show the box number

A tax-exempt organization

Section D

tax year ending March 31. The

instead.

corporation's first effective tax year

If the filer receives its mail in care of

(short year) begins on January 1,

If the applicant does not qualify for

a third party (such as an accountant or

2017, and ends on March 31, 2017.

automatic approval, a ruling must be

attorney), enter on the street address

requested. See Part III for more

line “C/O” followed by the third party's

Part II—Automatic

information.

name and street address or P.O. box.

Approval Request

Person To Contact

If the Service Center denies

Note. All references to the Revenue

approval because Form 1128 was not

Procedures listed are to that Revenue

The person to contact must be the

filed on time, the applicant can

Procedure or its successor.

person authorized to sign the Form

request relief under Regulations

Part II is completed by applicants

1128, or the applicant's authorized

section 301.9100-3, discussed earlier

representative. If the person to

requesting automatic approval of a

under

Late

Applications. The

change in tax year under:

contact is not the filer or the applicant,

applicant completes Part III, as

Rev. Proc. 2006-45 (corporations)

attach Form 2848, Power of Attorney

discussed later, and sends Form 1128

and Declaration of Representative.

as clarified and modified by Rev.

to the IRS National Office for

Proc. 2007-64, 2007-42 I.R.B. 818 at

Line 1. Check all applicable box(es)

consideration.

to indicate the type of entity filing this

index.html,

Section A—Corporations

application. For example, an entity

Rev. Proc. 2006-46 (pass-through

(Other Than S Corporations or

that is a domestic corporation may

entities),

also be a regulated investment

Personal Service Corporations)

Rev. Proc. 2003-62 (individuals),

company (RIC). That entity would

Rev. Proc. 2006-45 provides

Rev. Proc. 76-10, 1976-1 C.B. 548

check both the “Domestic corporation”

exclusive procedures for a

as modified by Rev. Proc. 79-3,

box and the “Other” box, and write,

corporation to obtain automatic

1979-1 C.B. 483, and Rev. Proc.

“RIC under sec. 851” on the dotted

approval to change its annual

85-58 (exempt organizations), and

line.

accounting period under section 442

Rev. Proc. 85-15, 1985-1 C.B. 516

Lines 2a and 2b. If the requested

and Regulations section 1.442-1(b). A

(all filers), to correct the adoption of

year is a 52-53-week tax year,

corporation complying with all the

an improper tax year to a calendar

describe the year (for example, last

applicable provisions of this revenue

year by filing an amended return on a

Saturday in December or Saturday

procedure will be deemed to have

-4-

Instructions For Form 1128 - Application To Adopt, Change, Or Retain A Tax Year Page 4

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