[Code of Federal Regulations]
[Title 26, Volume 13]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR]

[Page 120]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Procedure and Administration--Table of Contents
 
Sec.  1.6015(g)-1  Short taxable years of individuals.

    (a) Requirement of declaration. No declaration may be made for a 
period of more than 12 months. For purposes of this section a taxable 
year of 52 or 53 weeks, in the case of a taxpayer who computes his 
taxable income in accordance with the election permitted by section 
441(f) shall be deemed a period of 12 months. For special rules 
affecting the time for filing declarations and paying estimated tax by 
such a taxpayer, see paragraph (b) of Sec.  1.441-2. A separate 
declaration for a fractional part of a year is required where, for 
example, there is a change, with the approval of the Commissioner, in 
the basis of computing taxable income from one taxable year to another 
taxable year. The periods to be covered by such separate declarations in 
the several cases are those set forth in section 443. No declaration is 
required if the short taxable year is:
    (1) A period of less than four months.
    (2) A period of at least four months but less than six months and 
the requirements of section 6015(a) are first met after the 1st day of 
the fourth month.
    (3) A period of at least six months but less than nine months and 
the requirements of section 6015(a) are first met after the 1st day of 
the sixth month, or
    (4) A period of nine months or more and the requirements of section 
6015(a) are first met after the 1st day of the ninth month.

In the case of a decedent, no declaration need be filed subsequent to 
the date of death. As to the requirement for an amended declaration if 
death of one spouse occurs after filing a joint declaration, see 
paragraph (c) of Sec.  1.6015(b)-1.
    (b) Income and income tax placed on annual basis. For the purpose of 
determining whether the anticipated income and tax for a short taxable 
year resulting from a change of annual accounting period, necessitates 
the filing of a declaration, income and income tax imposed by chapter 1 
(other than by section 56) shall be placed on an annual basis in the 
manner prescribed in section 443(b)(1). Thus, for example, an unmarried 
taxpayer who changes from a fiscal year basis to a calendar year basis 
beginning January 1, 1973, will have a short taxable year beginning July 
1, 1972, and ending December 31, 1972. If his anticipated gross income 
for such short taxable year consists solely of wages (as defined in 
section 3401(a)) in the amount of $11,000, his total gross income and 
his gross income from such wages for the purpose of determining whether 
a declaration is required is $22,000, the amount obtained by placing 
anticipated income of $11,000 upon an annual basis. Since the taxpayer's 
anticipated gross income from wages when placed upon an annual basis is 
in excess of $20,000, he is required to file a declaration of estimated 
tax for the short taxable year unless the estimated tax can reasonably 
be expected to be less than $100. However, for taxable years beginning 
after December 31, 1966, the amount which the individual estimates as 
the amount of self-employment tax imposed by chapter 2 shall be computed 
on the actual self-employment income for the short period.

[T.D. 6500, 25 FR 12108, Nov. 26, 1960, as amended by T.D. 7427, 41 FR 
34028, Aug. 12, 1976]