Discussion:QSub Parent file one 1120S?
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Discussion Forum Index --> Tax Questions --> QSub Parent file one 1120S?
| 2007-04-26 | |
| I know the basic rules regarding QSub but never filed tax returns including QSubs. A QSub is not treated as a separate corporation for federal tax purposes and QSub’s assets, liabilities, and items of income, deduction, and credit are treated as owned by the parent S corporation. To make sure, then, do QSubs not file their own tax returns and their Parent file one 1120S? | |
| 26 April 2007 | |
| Parent files the only 1120S, combining all entities. Ensure there were accepted by the IRS. | |
| 23 June 2008 | |
| What if a QSUB purchases another S corp. Should the parent be listed on the new QSUB election? Or the QSUB which purchased the new s corp?
Thanks, TW | |
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