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A 'reasonable person' is a legal fiction I'm pretty sure I've never met.
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Legal Definitions - fiscal year
Law school is a lot like juggling. With chainsaws. While on a unicycle.
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Definition of fiscal year
A fiscal year is a period of 12 consecutive months used for accounting and financial purposes. It is often different from the calendar year, especially for tax purposes.
- The company's fiscal year is from October 1 to September 30.
- The government's tax year can be either the calendar year or a fiscal year of 12 months ending on the last day of a month other than December.
These examples illustrate how a fiscal year can be different from the calendar year and how it is used for financial and tax purposes.
A judge is a law student who marks his own examination papers.
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Simple Definition
A fiscal year is a period of 12 consecutive months used for accounting purposes. It may or may not coincide with the calendar year, which is the 12-month period from January 1 to December 31. The fiscal year is often used for tax purposes and can end on any day of the year, unlike the calendar year which always ends on December 31.
Make crime pay. Become a lawyer.
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