title = "Fiscal Year Entity Considerations"

content = """
Partnerships, S corporations, and trusts may use fiscal years. Fiscal year
affects timing of income to owners and filing deadlines. Marble Column CPA
coordinates fiscal year entity returns with owner calendar-year returns
and ensures K-1s are received in time.

**K-1 Timing:** Fiscal year entities file after their year-end. For
calendar-year owners, a partnership with June 30 year-end passes through
income for July 1–June 30; owner reports on calendar-year return. K-1
due by entity's due date; often received after owner's extension if
entity has late year-end.

**Required Payments:** Fiscal year pass-through entities may need to make
required payments (Section 444, etc.) to reduce deferral benefit. Entity
return preparer addresses. Document entity year-end and K-1 receipt date.

**Planning:** Fiscal year may defer owner tax. Restrictions apply to
partnerships and S corps to limit deferral. Consult entity specialist
when considering fiscal year change.
"""  # noqa: E501

version = "0.0.1"
