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Form LST S Local Services Tax

Form LST S Local Services Tax

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Instructions and help about Form LST S Local Services Tax

okay for this video i wanted to cover the irs form 851 this is an affiliation schedule that's filed with a form 1120 corporate income tax return so this form is filed if you're filing a form 1120 for a parent company and you're consolidating all of the operations for your subsidiary c corporations okay so this video is a follow-up to the irs form 1122. the 1122 is the form you need to file that's an election to treat subsidiary c corps um as part of the consolidated group so after you file that 1122 when you file your form 1120 you need to include this 851 where you list all of the subsidiary entities that are going to be rolled up into this parent company tax return so the the form is actually relatively straightforward um so in this example we have our parent company here this is the ultimate parent company that's filing 1120 so the 1120 we filed it its name using this ein and address and so what they need to do is they need to list the subsidi

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