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  3. a permitted tax year for a partnership may be dete

A permitted tax year for a partnership may be determined under any of the following,...

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Accounting

A permitted tax year for a partnership may be determined under any of the following, EXCEPT:
a) A business purpose
b) The same tax year as a majority of its partners
c) Any year, so long as the partnership makes a required payment and the deferral period is not more than three months
d) A calendar year
e) The same tax year as the principal partners (if the majority of its partners do not have the same tax year).

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