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Instructions for Form 1120 RIC U

Instructions for Form 1120 RIC U

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hey there youtube so in this video i wanted to cover the irs form 1122 this is a form you would file for a corporate taxpayer if you want to include subsidiary c corps and a consolidated return so just a quick example of what this might look like from a structural perspective if we look at a sample structure chart here we have at the top here we have a parent company so parent company inc this is a for-profit delaware corporation it's treated as a c-corp by default and it has not filed an s-corp election right so this company files a form 1120 tax return every year and it pays corporate income taxes on its profits now the parent company owns a hundred percent of these three entities right so they've got division one llc and division two llc these are 100 percent own llc's and so by default these are single member llc's that are disregarded for tax purposes so these two entities because their flow through their dres all of the income and expense in these

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