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Year

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Year
In taxation, year refers to the calendar year that runs from January 1st to December 31st. However, corporations can generally set the time period for which they report financial results to be different than the calendar year.

Notes:
For example, a business might have their fiscal year end in September.


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