Prepare insurance returns for consolidation
Before beginning any consolidations:
- Make sure each individual company's tax return is complete and balanced. all individual company returns should be completed and balanced.
- Make sure the return/entity type is correct in each return.
- You'll need to prepare all components for the consolidation, which includes entering the company data in the 1120, 1120-PC, and 1120-L tax returns.
- If you're consolidating states, activate those states in every return in the consolidation (even if it is not filed by a particular company).
