Example of a Virginia group different from a federal S Corporation consolidated group

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Federal S Corporation 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

Virginia group consists of:

Consolidated designation Client name
Consolidated client Colors Consolidated Company, Inc.
Parent client Colors Parent Company
Subsidiary Subsidiary Red
Subsidiary Subsidiary Yellow

The Virginia group does not include the federal Subsidiary Blue.

  1. In this situation, choose File > Client Properties.
  2. In the Group tab of the Advanced Properties dialog, highlight Subsidiary Blue in the consolidated group list and click the Remove button.

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