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Consolidations

Form 851 data entry

Page 1: General Information

Form 851, Page 1
Form 851 item
Return
Organizer data entry
Common Parent corporation name
Parent
General Information, Basic Return Data, Entity Information
Address
Parent
Same
FEIN
Parent
Same
Tax year end
Parent
Same

Part 1

Form 851, Part I
Form 851 item
Return
Organizer data entry
Company Number
Top Consolidation
Consolidated Returns, What to Consolidate
Portion of Form 7004 tax deposits
Parent
Payments and Extensions, Payment of Taxes
Portion of estimated tax credits and deposits
Parent
Same
Name and address of corporation
Subsidiary
General Information, Basic Return Data, Entity Information
Employer identification number
Subsidiary
Same
Portion of Form 7004 tax deposits
Subsidiary
Payments and Extensions, Payment of Taxes
Portion of estimated tax credits and deposits
Subsidiary
Same
If you enter payments on Form 851 in the Top Consolidation, these amounts will override the carry information.
Form 851, Part I
Form 851 item
Return
Organizer data entry
Company Numbers
Top Consolidation
Informational Forms, Affiliations Schedule, 851 Page 1
Did the subsidiary make any non dividend distributions
Top Consolidation
Same
Stock holdings at beginning of year, Number of shares, Percent of voting power, Percent of value, Owned by corporation number
Top Consolidation
Same
PBA Code Number
Parent
General Information, Basic Return Data, Entity Information
Principal business activity (PBA)
Subsidiary
Same
PBA Code No.
Subsidiary
Same

Part III: Changes in stock holdings during the year

You're not required to complete Part III for all members of the affiliated group. Therefore, we default to leaving this part blank. If the affiliated group has members who must complete Part III, enter the information in these Organizer screens.
Form 851, Part III
Form 851 item
Return
Organizer data entry
Company Numbers
Top Consolidation
Informational Forms, Affiliation Schedule, 851 Page 2
Stockholder Corporation No
Top Consolidation
Same
Change in stock holdings during the year, Date, (a) Changes, Shares Acquired, Shares Disposed of, (b) Shares held after changes described in Column (a), Percent of voting power, Percent of value
Top Consolidation
Same
If the equitable owners of any capital stock shown above were other than the holders of records, give full details
Top Consolidation
Same

Part IV: Additional Information

You're not required to complete Part IV for all members of the affiliated group. Therefore, we default to leaving this part blank. If the affiliated group has members who must complete Part IV, enter the information in these Organizer screens.
Form 851, Part IV
Form 851 item
Return
Organizer data entry
Question 1, Company Numbers, Answer to Question 1, If yes, list and describe each class of stock
Top Consolidation
Information Forms, Affiliations Schedule, 851 Page 3
Question 2, Company numbers, Answer to Question 2, If yes for any part of question 2, list and explain the circumstances
Top Consolidation
Same
Question 3, Company numbers, Answer to Question 3, Item 3a, 3b, 3c, Item 3d - description of arrangements
Top Consolidation
Same

This article applies to:

  • PRODUCT: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: Consolidations

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