Example of an Illinois group different from a federal group (S Corporation)
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Hide expandable textFederal 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 |
| Eliminations client | Federal Colors Eliminations Company |
Illinois group consists of:
| Consolidated designation | Client name |
|---|---|
| Consolidated client | Colors Consolidated Company, Inc. |
| Parent client | Colors Parent Company |
| Subsidiary | Subsidiary Red |
| Subsidiary | Subsidiary Yellow |
| Eliminations client | State Colors Eliminations Company |
The Illinois group does not include the federal Subsidiary Blue.
- 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.
- Repeat this procedure with the applicable eliminations clients.
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