george7814
Level 2
03-08-2022
11:56 AM
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What form does one use to file a tax return for a Holdings Company?
The Holdings Company is an LLC and currently controls a S-Corp (1120s).
Had the operating company had been a C-Corp 1120, the correct form to use would be Schedule PH, but since it is an 1120-S, I am asking to see if anyone has the answer. Thanks!
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sjrcpa
Level 15
03-08-2022
01:12 PM
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Is the Holding Company a Single Member LLC?
And the single member is an individual?
What do mean by controls S Corp?
How much of the S Corp does the LLC own?
The more I know the more I don’t know.
george7814
Level 2
03-08-2022
01:36 PM
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No, the Holdings Company is a multi-member LLC.
Yes, both members are individuals.
The S-corp is the operating company, the other is the holding company.
50%.
