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Federal consolidated group consists of:
Consolidated designation | Client name |
---|---|
Consolidated client | Colors Consolidated Company, Inc. |
Parent client | Colors Parent Company |
Subsidiary | Subsidiary Red |
Subsidiary | Subsidiary Yellow |
Subsidiary | Subsidiary Blue |
Eliminations client | Federal Colors Eliminations Company |
Mississippi unitary business group consists of:
Consolidated designation | Client name |
---|---|
Consolidated client | Colors Consolidated Company, Inc. |
Parent client | Colors Parent Company |
Subsidiary | Subsidiary Red |
Subsidiary | Subsidiary Yellow |
Subsidiary | Subsidiary Green |
The Mississippi unitary business group does not include the federal Subsidiary Blue, but does include Subsidiary Green.
- In this situation, choose File > Client Properties.
- In the Group tab of the Advanced Properties dialog, highlight Subsidiary Blue in the consolidated group list and click the Remove button.
- Highlight Subsidiary Green in the client list and click the Select Subsidiary button.
- Repeat this procedure with the applicable eliminations clients.
Note: The Mississippi unitary business group may have a different parent client from the federal consolidated group. In this situation, a new consolidated client would need to be created with a new parent company and a separate EIN. Choose File > New Client to create this client.