Got a new client, and it consists of 2 corporations (C Corp obviously), that file a consolidated Federal Return. I would like to 'unconsolidate' the returns, and then elect S Corp Status for the 2 clients. I have valid tax reasons for doing so. But all I can find is that a request to unconsolidate must be sent to the Commissioner. Is there a standard format for that? Has anyone in here done that?
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