### Question
How is the "fiscal year" defined?


### Answer
The term **fiscal year** is defined in *26 U.S.C. § 7701* as follows -

> an accounting period of 12 months ending on the last day of any month other than December

#### Citation:
  - *26 U.S.C. § 7701*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

