Form 1122 PDF Details

Last year, the IRS released a new form that businesses and individuals are required to file in order to report any foreign transactions. The Form 1122 is known as the "Report of Foreign Bank and Financial Accounts" (FBAR), and it's used to report any foreign financial accounts held by the taxpayer or a business entity. The deadline for filing this form is June 30th of each year, and it must be filed electronically through the FinCEN website. Non-compliance with this requirement can result in significant penalties, so it's important to understand how to complete this form properly. In this article, we'll provide an overview of what needs to be reported on FBARs, and we'll explain how to file them accurately. We hope you find this information helpful!

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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