Calendar Year


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Calendar Year

The 12-month period between 1 January and 31 December. In the United States and many other places, the tax year, or the period of time during which annual taxes are calculated, is identical to the calendar year. An unusual number of trades often occur toward the end of the calendar year as investors seek to achieve the lowest, legal, tax liability. A company's fiscal year, or the period of time for which it creates its annual budget, may run for a different 12-month period.

Calendar Year

A year that begins January 1 and ends December 31.
References in periodicals archive ?
Calendar Year 2006 December *Fiscal Year 2007 (Quarters 1-3) Units Vs.
52) This test is met if the rent allocated to each calendar year does not vary from the average rent allocated to all calendar years by more than 10 percent (15 percent if 90 percent or more of the property subject to the lease is real estate).
For calendar year 2005, amounts includable in gross income under section 409A but neither actually nor constructively received by a plan participant for income tax withholding purposes may be treated as having been paid on any date on or before December 31, 2005.
10) Except as otherwise prescribed, the income tax return of an individual, trust, or estate using the calendar year is required by section 6072(a) of the Code to be filed by the 15th day of April following the close of the calendar year.
The GST trust election is made by attaching a statement to a gift tax return filed by the due date for the calendar year in which the first transfer to be covered by the GST trust election is made.
Production worldwide for the first half of calendar year 2014 experienced a year-on-year increase for the first time in two years (since the first six months of 2012), setting record high production for the any half-year periods of the calendar year.
The company is forecast to close $18 billion in home loans in calendar year 2006, up from $16 billion in loans closed in CY 2005.
5% growth from the first ten months of the last Iranian calendar year s figure of 12.
401(a)(9)(C)(i) defines "required beginning date" as the April 1 of the calendar year following the later of the calendar year in which the employee attains age 70 1/2 or retires.
If Smith, for example, is required to receive a required minimum distribution for calendar year 1994 of $50,000 and only receives $30,000, the excise tax liability for 1994 is 50% of the $20,000 shortfall, or $10,000.
VITAS announced in the second quarter of 2006 that two programs, excluding Phoenix, were anticipated to be in contractual billing limitations with Medicare in calendar year 2006.
For a general partner, the payment commencement year is the later of the second calendar year following the calendar year in which his or her retirement date occurs, or the calendar year in which he or she attains age 60 (age 55 for 25 or more years of service).