File consolidated S Corporation and QSSS extensions
Follow these steps to print or e-file a consolidated S Corporation extension.
- Open the consolidated return.
- Address and clear all diagnostic messages related to demographic information or the extension.noteUse CTRL+D to view diagnostics.
- SelectFile,Print Extensions, and mark theCreate electronic filecheckbox.
- SelectE-File.note
- When you process a consolidated S Corporation extension, you don't need to select the member clients' returns viaFile,Print Extensionsas you would for a consolidated return.
- For all QSSS extensions (the Parent and Subsidiary client returns), mark theSuppress creation of: Federal electronic file when only filing the FinCEN 114 or a state return or extension electronicallycheckbox in the ELF screen in the Electronic Filing folder.
- UltraTax CS won't complete the Consolidated Group Worksheet for a consolidated S Corporation client. The worksheet applies only to consolidated C Corporation clients. QSSS Corporations are considered to liquidate and no longer exist for tax purposes. QSSS Corporations are no longer considered a separate legal entity for federal tax purposes and you don't need to list them in the worksheet.
