How to review tax law criteria for making change

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Reference no: EM13102340

Salem Corporation uses calendar year as its financial and tax annual accounting period. Management, as the seasonality of sales, wishes to change to fiscal year beginning April 1st through March 31st. You have been asked to review tax law criteria for making change. Write down the memo (750-1,000) to CFO indicating outcome of such change on current taxes and outlining requirements for making this change.

Reference no: EM13102340

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