Hey Guys,
I have a question: I am filing a consolidated return for a small parent-sub group (both are c-corps). Do I have to necessarily file schedule O (form 1120) along with the forms 851 and 1122 in relation to the fact that it is a consolidated return?
The schedule O is all about consent plans and apportionment schedule none of which this group has. The group is very small (sales of 15k USD and NOL of 7k USD).
I have a question: I am filing a consolidated return for a small parent-sub group (both are c-corps). Do I have to necessarily file schedule O (form 1120) along with the forms 851 and 1122 in relation to the fact that it is a consolidated return?
The schedule O is all about consent plans and apportionment schedule none of which this group has. The group is very small (sales of 15k USD and NOL of 7k USD).