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How do I prepare a consolidated federal tax return for a Qualified Subcharter S Group of Subdidiares?

fs832701
Level 1

Parent company is a Subcharter S Corp as well

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sjrcpa
Level 15

It is not really a consolidated return.

Using your trial balance software (or Excel but I hope not) consolidate the trial balances of all the S Corps - parent and QSUBs. The consolidated/combined amounts go on the 1120S.


Ex-AllStar

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1 Comment 1
sjrcpa
Level 15

It is not really a consolidated return.

Using your trial balance software (or Excel but I hope not) consolidate the trial balances of all the S Corps - parent and QSUBs. The consolidated/combined amounts go on the 1120S.


Ex-AllStar
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