If I start an LLC in July can I file my schedule C the following year?

I would like to have a fiscal Year of July 1 to July 1. But if I am filing my taxes using my personal 1040 using schedule C, Can I do that?

If I start an LLC in July can I file my schedule C the following year?
As a single member LLC who files a schedule C, your tax year is the same as your 1040. The only question might be whether you are cash based or accrual based.
Reply:You have already made your tax life more difficult by establishing an LLC why would you make it worse with a tax year different than the calender year?
Reply:If you opened the LLC and want it taxed on a separate year than your 1040, you'd have to get that LLC to be taxed as a separate C Corp. But as the others have already mentioned, huge headache and pain... Separate accounting records, no mixing monies...





Say you get THAT squared away, then you'd have to give yourself a W2 each Dec for the calendar year prior, etc. Not to mention a minimum of quarterly payroll filings (federal %26amp; state).