Subgroup top consolidation
This isn't a Mixed Group filing. The entities in this consolidation are all of 1 type of return.
If multiple 1120-PCs (and no 1120 or 1120-L returns) file to the IRS together, your top consolidation is a 1120-PC subgroup top consolidation. If multiple 1120-Ls (and no 1120 or 1120-PC returns) file to the IRS together, your top consolidation is a 1120-L subgroup top consolidation.
While this return resembles a subgroup Subconsolidation, it's an Insurance top consolidation that you can only paper file to the IRS. The IRS doesn't accept e-filing for this return type.
Types of subgroup top consolidation structures
These are the following possible structures for a subgroup top consolidation.
If all entities in the consolidation are 1120-PCs, then the example would be:
- Parent slot:1120-PC Subgroup or Parent
- Elimination slot:1120-PC Elimination
- Subsidiary slot:1120-PC Subgroup or Parent
If all entities in the consolidation are 1120-Ls, then the example would be:
- Parent slot:1120-L Subgroup or Parent
- Elimination slot:1120-L Elimination
- Subsidiary slot:1120-L Subgroup or Parent
