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Federal input screens

Group tab (1120 Consolidated S and C Corporations)

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Use this tab to designate the parent, eliminations, and subsidiary companies to be included in the 1120 Consolidated S or C Corporation return.
To open this window, select
Advanced Properties
 in either the
New Client
 or
Client Properties
 window for an S or C Corporation consolidated return, then select the
Group
 tab.
note
  • An eliminations client is used to exclude intercompany transactions between the consolidated group members from the consolidated client.
  • Including an eliminations client as part of a consolidated group is optional.

Fields & buttons

C Corporations or S Corporations available
Lists all 1120C or 1120-S Corporation clients available for inclusion in this consolidated client.
  • To designate the
    parent
     company for this consolidated client, select the client and choose
    Select Parent
    .
  • To designate the
    eliminations
     company for this consolidated client, select the client and choose
    Select Eliminations
    . (An eliminations client is used to exclude from the tax calculations for the consolidated client any intercompany transactions among the consolidated group members.)
  • To designate the
    subsidiary
     companies (or QSSS members) for this consolidated client, select the client or clients and choose
    Select Subsidiary
    .
note
If you have a C Corporation that is a QSSS, you will need to clone the client, change the client to an S Corporation, and make any necessary data entry in the S Corporation input screens.
note
To sort the list of available clients by client ID or name, select
Client ID
 or
Name
 in the title bar of the list pane.
Select Parent button
To designate the parent company for this consolidated return, select the company in the
Clients available list
 pane, then select this button.
note
This button is not available if there are no clients in the
Clients available list
 pane or if you have already selected the parent company.
Select Eliminations button
To designate the eliminations company for this consolidated return, select the company in the
Clients available list
 pane, then select this button.
note
  • An eliminations client is used to exclude intercompany transactions between the consolidated group members from the consolidated return.
  • Including an eliminations client as part of a consolidated group is optional.
  • This button is not available if there are no clients in the
    Clients available list
     pane or if you have already selected the eliminations company.
Select Subsidiary button
To select the subsidiary companies (or QSSS members) for this consolidated return, select the companies in the
Clients available list
 pane, then select this button.
note
  • This button is not available if there are no clients in the
    Clients available list
     pane.
  • If you have a C Corporation that is a QSSS, you will need to clone the client, change the client to an S Corporation, and make any necessary data entry in the S Corporation input screens.
Group members
Lists the clients you have selected to include in the consolidated return.
note
  • To remove a client from this list, highlight the client and select
    Remove
    . The client moves to the
    Clients available
     pane.
  • To sort this list by client ID or name, select
    Client ID
     or
    Name
     in the title bar of the list pane.
Remove button
To de-select a client, select the client in the list pane, then select this button. The client moves to the other pane.

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