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Who should be included in Schedule O?

Who should be included in Schedule O?
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Answered in 7 minutes by:
9/3/2013
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,689
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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
Lev, Tax Advisor
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Experience: Taxes, Immigration, Labor Relations
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