Form 8869 PDF Details

Embarking on the journey of understanding and utilizing Form 8869, issued by the Department of the Treasury Internal Revenue Service, can significantly streamline the tax affairs of parent S corporations and their subsidiaries. This form, pivotal for ensuring compliance with section 1361(b)(3) of the Internal Revenue Code, is crafted specifically for the Qualified Subchapter S Subsidiary (QSub) Election, which allows certain subsidiaries of S corporations to be disregarded as separate entities for tax purposes. By doing so, it paves the way for these subsidiaries to be taxed under the umbrella of their parent S corporation, thereby simplifying the tax filing process and potentially yielding financial benefits. The form captures essential details about the parent corporation making the election, including its name, Employer Identification Number (EIN), and contact information for the IRS to reach a designated officer or legal representative for more details. Furthermore, it delves into specifics about the subsidiary for which the election is made, such as its incorporation details, EIN, and whether it has previously filed a federal income tax return. It’s also critical to note the form’s provision to indicate if this election coincides with certain reorganizations, underscoring the importance of meticulous documentation for corporations navigating through restructuring phases. With its December 2020 revision, Form 8869 continues to serve as a testament to the evolving nature of tax administration, ensuring corporations are well-equipped to make informed decisions that align with the latest IRS guidelines and regulations.

QuestionAnswer
Form NameForm 8869
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesqualified subsidiary election, qualified subchapter s form, 8869 form, irs subsidiary form

Form Preview Example

Form 8869

(Rev. December 2020)

Department of the Treasury

Internal Revenue Service

Qualified Subchapter S Subsidiary Election

(Under section 1361(b)(3) of the Internal Revenue Code)

▶Go to WWW.IRS.GOV/FORM8869 for instructions and the latest information.

OMB No. 1545-0123

Part I

Parent S Corporation Making the Election

 

 

1a Name of parent

2

Employer identification number (EIN)

 

 

 

b Number, street, and room or suite no. If a P.O. box, see instructions.

3

Tax year ending (month and day)

 

 

 

c City or town, state or province, country, and ZIP or foreign postal code

4

Service center where last return was filed

 

 

 

5 Name and title of officer or legal representative whom the IRS may call for more information

6

Telephone number of officer or legal

 

 

 

representative

 

 

 

 

Part II Subsidiary Corporation for Which Election is Made (For additional subsidiaries, see instructions.)

7a Name of subsidiary

8EIN (if any)

bNumber, street, and room or suite no. If a P.O. box, see instructions.

9Date incorporated

cCity or town, state or province, country, and ZIP or foreign postal code

10State of incorporation

11

Date election is to take effect (month, day, year) (see instructions)

▶

 

 

 

 

 

 

 

 

 

12

Did the subsidiary previously file a federal income tax return? If “Yes,” complete lines 13a, 13b, and 13c

▶

Yes

No

 

 

 

 

 

 

13a Service center where last return was filed

13b Tax year ending date of last

13c Check type of return filed:

 

Form 1120

 

 

 

return (month, day, year) ▶

Form 1120-S

Other ▶

 

 

 

 

 

14Is this election being made in combination with a section 368(a)(1)(F) reorganization described in Rev. Rul. 2008-18, where the subsidiary was

an S corporation immediately before the election and a newly formed holding company will be the subsidiary’s parent?

. .

.

.

.

▶

Yes

No

 

 

 

 

 

 

 

 

 

 

15 Was the subsidiary’s last return filed as part of a consolidated return? If “Yes,” complete lines 16a, 16b, and 16c . .

. .

.

.

.

▶

Yes

No

 

 

 

16a Name of common parent

16b EIN of common parent

16c Service center where consolidated return was filed

 

 

 

 

 

 

 

 

 

 

Under penalties of perjury, I declare that I have examined this election, including accompanying statements, and to the best of my knowledge and belief, it is true, correct, and complete.

Signature of officer

 

 

of parent corporation ▶

Title ▶

Date ▶

For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 28755K

Form 8869 (Rev. 12-2020)

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