Preparing Massachusetts S Corporation consolidated returns when the state and federal groups are the same

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Use this procedure to ensure the correct preparation of Massachusetts S Corporation consolidated income tax returns if the members of the Massachusetts group are the same as those included in the federal S Corporation consolidated group.

  1. Add Massachusetts to the parent client, the eliminations client, and the applicable subsidiary clients. Complete all data entry for these member clients. Each member's state return should be complete and correct before proceeding to the next step.

    Note: Apportionment data entry must be completed for each member client, even if the client is 100 percent in-state. Apportionment data entry is accessed through View > Apportionment.

  2. Add Massachusetts to the federal S Corporation consolidated client.

    Note: When adding Massachusetts to an S Corporation consolidated federal client, the state automatically defaults to being a consolidated return.

    If the state is added as an S Corporation to a federal consolidated group, the consolidated functionality does not take place. The amounts from each member are not consolidated and the consolidated reports are not available.

  3. Review all Massachusetts consolidated client input screens and complete any necessary remaining data entry. For each category not marked in the File > Client Properties > Advanced Properties > Options dialog, enter the necessary data in the applicable input screens.

    Note: If a category is not marked, enter the data on the applicable input screens in the consolidated client. For a list of categories and related input screens, see Categories and related Massachusetts input screens (S Corporation).

    Any changes made to the File > Client Properties > Advanced Properties > Options dialog affect both the federal and state return.

  4. To change amounts entered in the Massachusetts parent, eliminations, or subsidiary clients, go back to the original source of data entry. For instance, if you made a mistake when you entered the apportionment of the first subsidiary, close the S Corporation consolidated return and reopen the first subsidiary. Choose View > Apportionment for that client and correct the data. Close the subsidiary client and reopen the consolidated return. The correct amount is now a part of the consolidated group return.
  5. Print and review the Massachusetts S Corporation consolidated tax return.

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