Form 1122 PDF Details

Delving into the world of consolidated income tax returns, the Form 1122 surfaces as a critical document within the realm of corporate taxation, endorsed by the Department of the Treasury and the Internal Revenue Service (IRS). As of its revision in December 2003, this form serves as a formal authorization and consent mechanism, allowing subsidiary corporations to be included in a consolidated tax return filed by their parent corporation. This procedure is not just a mere administrative task but a strategic financial decision that impacts how taxes are calculated and filed for the entire corporate group for the specified tax year and beyond. The form outlines necessary details such as the name and address of the subsidiary, the tax year in question, and the identification numbers for both the subsidiary and the parent corporation. By signing the Form 1122, the subsidiary not only grants authorization to the parent corporation but also agrees to comply with the consolidated return regulations, thereby binding itself to the collective tax obligations and benefits of the group. The signed document, or in certain conditions an unsigned version with the same information, must be attached to the consolidated income tax return, signifying a unified submission by the corporate group to the IRS. Instructions provided with the form guide both the subsidiary and the parent corporation through this critical consent process, ensuring compliance with tax laws and regulations.

QuestionAnswer
Form NameForm 1122
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesform 1122 instructions, IRS, irs form 1122, 1122 form

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Form 1122

(Rev. December 2003)

Department of the Treasury Internal Revenue Service

Aut horizat ion and Consent of Subsidiary Corporat ion To Be Included in a Consolidat ed Income Tax Ret urn

�Attach to the consolidated income tax return.

For the calendar year 20

, or other tax year beginning

, 20

and ending

, 20

Name

Number, street, and room or suite no.

City or town, state, and ZIP code

Name of parent corporation

Employer identification number

Employer identification number

The subsidiary corporation named above authorizes its parent corporation to include it in a consolidated return for the tax year indicated and for each subsequent year the group must file a consolidated return under the applicable regulations. If the parent corporation does not file a consolidated return on

behalf of the subsidiary, the subsidiary authorizes the Commissioner of the Internal Revenue Service or an IRS official to do so.

The subsidiary consents to be bound by the provisions of the consolidated return regulations.

Sign Here

Under penalties of perjury, I declare that the subsidiary named above has authorized me to sign this form on its behalf, that I have examined this form and the information contained herein, and to the best of my knowledge and belief, it is true, correct, and complete.

�

 

 

�

 

Signature of subsidiary officer

Date

Title

Instructions for the subsidiary corporation. Complete and submit an original, signed Form 1122 to the common parent corporation of the consolidated group for the first tax year the subsidiary consents to be included in the group’s consolidated income tax return.

Instructions for the parent corporation filing the consolidated return. The common parent corporation of a consolidated group must attach a separate Form 1122 to the group’s consolidated income tax return for each subsidiary

corporation for the first tax year each subsidiary consents to be included in the consolidated return. Attach to the consolidated return either the signed Form 1122 or an unsigned version containing the same information stated on the signed form. If the parent corporation submits an unsigned Form 1122, it must retain the original, signed form in its records.

Cat. No. 17228S

Form 1122 (Rev. 12-2003)

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Subsidiary writing process clarified (part 1)

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