Level 10
09-15-2021
04:09 PM
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so you think, by filing the 2553s for both entities would terminate the affiliated group? But the next line says
"The Internal Revenue Service (IRS) may grant permission to discontinue the election."
So I'm wondering if I still have to request 'unconsolidation' from the Commissioner. The link the @TaxGuyBill alluded to appears to mean that, to me at least. Thank y'all for your time on this. Been a CPA for 35 years, (all be it in a rural area), but i've never run across this before.
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