California Schedule Qs - Qualified Subchapter S Subsidiary (Qsub) Information Worksheet - 2012
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1Qualified Subchapter S Subsidiary (QSub)
TAXABLE YEAR
CALIFORNIA SCHEDULE
2012
QS
Information Worksheet
Part I
Parent corporation name
Corporation no. or FEIN
Part II
(a)
(b)
(c)
(d)
(e)
(f)
Name of QSub
California
Federal employer
Effective date of
Date of QSub
Amount of
corporation
identification
federal QSub
annual tax
QSub annual
number
number
election
payment
tax paid
(MM/DD/YY)
(MM/DD/YY)
General Information
Specific Instructions
Enter the effective date of the federal QSub
election made for the subsidiary in column (d).
For taxable years beginning on or after
Part I
An election made by the parent S corporation
January 1, 1997, California law has conformed
under IRC Section 1361(b)(3) to treat a
to the federal treatment of Qualified Subchapter
Enter in Part I the name of the parent
corporation as a QSub for federal purposes
S Subsidiaries (QSub), with certain exceptions.
S corporation, the S corporation’s California
is treated as a binding election for California
The QSub is subject to an annual tax of $800
corporation number, seven digits, and the
purposes. A separate election cannot be filed
which is paid by the S corporation’s parent.
federal employer identification number (FEIN),
for California. If the effective date falls on a
See Form 100S, General Information DD,
nine digits.
date other than the first day of the subsidiary’s
Qualified Subchapter S Subsidiary (QSub), for
Part II
taxable year, the subsidiary must file a
more information.
short-period return if it was subject to tax in
An S corporation parent must complete the
Enter in Part II the information for each QSub
California prior to the effective date.
Schedule QS and attach it to the Form 100S.
required to be included in the Form 100S,
The S corporation parent is required to pay
California S Corporation Franchise or Income
$800 annual tax for each QSub it owns that
Purpose
Tax Return. In column (a), enter the name
is incorporated, qualified, or doing business
of each QSub included in this return. If the
The Qualified Subchapter S Subsidiary
in California. The QSub annual tax is due
QSub has or had a California corporation
Information Worksheet is used by the
and payable when the S corporation’s first
number, enter the number in column (b). If the
S corporation parent of a QSub to inform the
estimated tax payment is due. If the QSub is
QSub has or had a FEIN, enter the number in
Franchise Tax Board (FTB) of the QSub(s) it
acquired during the taxable year, the QSub
column (c). If the corporation does not have a
owns. This worksheet notifies the FTB that the
annual tax is due with the S corporation’s next
California corporation number and/or a FEIN,
QSub items of income, deductions, and credits
estimated tax installment. Enter the date of
enter “none.”
will be included in the parent’s return and the
payment in column (e) and amount of QSub
QSub will not be filing a separate California
annual tax paid in column (f).
franchise or income tax return.
8001123
Form 100S Booklet 2012 Page 33
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