How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
870116
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds

Who should be included in Schedule O?

This answer was rated:

Who should be included in Schedule O?

Lev :

Hi and welcome to Just Answer!
There is no way we may skip instructions... - http://www.irs.gov/pub/irs-pdf/i1120so.pdf


A corporation must file Schedule O... for each tax year that the corporation is a component member of a controlled group.
Thus - as that is related to your situation - the parent corporation files this schedule.

Lev :

In your situation - because the LLC is disregarded - we have a parent-subsidiary group - as the corporation via the LLC - constructively owns more than 80% of the total stock of the Delaware C- Corporation.

Customer:

Thanks. I guess there is no shortcut to understanding Sch O other than reading the instruction. :(

Lev and 2 other Tax Specialists are ready to help you

Related Tax Questions