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Qualified Subchapter S Subsidiary (QSub)

TAXABLE YEAR

CALIFORNIA SCHEDULE

2015

Information

Attach to Form 100S.

Parent S corporation name

California corporation number or FEIN

QSubs Included in Parent S Corporation’s Form 100S

(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

election

payment

tax paid

(mm/dd/yyyy)



General Information

items of income, deduction, and credit will be

Enter the effective date of the federal

included in the parent’s return and the QSub

QSub election made for the subsidiary in

For taxable years beginning on or after

will not be filing a separate California franchise

column (d). An election made by the parent

January 1, 1997, California law has conformed

or income tax return.

S corporation under Internal Revenue Code

to the federal treatment of Qualified Subchapter

Section 1361(b)(3) to treat a corporation as

S Subsidiaries (QSub), with certain exceptions.

Specific Instructions

a QSub for federal purposes is treated as a

A QSub is subject to an annual tax of $800

binding election for California purposes. A

Enter the name of the parent S corporation,

which is paid by the S corporation’s parent.

separate election cannot be filed for California.

the S corporation’s California corporation

See Form 100S, S Corporation Tax Booklet,

If the effective date falls on a date other than

number, seven digits, or the federal employer

General Information DD, Qualified Subchapter

the first day of the subsidiary’s taxable year,

identification number (FEIN), nine digits.

S Subsidiary (QSub), for more information.

the subsidiary must file a short-period return

QSubs Included in Parent S Corporation’s

An S corporation parent must complete

if it was subject to tax in California prior to the

Schedule QS, Qualified Subchapter

Form 100S

effective date.

S Subsidiary (QSub) Information, and attach

Enter the information for each QSub whose

The S corporation parent is required to pay

it to the Form 100S, California S Corporation

items of income, deduction, and credit

$800 annual tax for each QSub it owns that

Franchise or Income Tax Return, for each

are required to be included in the parent’s

is incorporated, qualified, or doing business

taxable year in which a QSub election is in

Form 100S. In column (a), enter the name

in California. The QSub annual tax is due

effect.

of each QSub included in this return. If the

and payable when the S corporation’s first

QSub has or had a California corporation

Purpose

estimated tax payment is due. If the QSub is

number, enter the number in column (b). If

acquired during the taxable year, the QSub

Schedule QS is used by the S corporation

the QSub has or had a FEIN, enter the number

annual tax is due with the S corporation’s next

in column (c). If the QSub does not have a

parent of a QSub to inform the Franchise Tax

estimated tax installment. Enter the date of

Board (FTB) of the QSub(s) it owns. This

California corporation number or a FEIN, enter

payment in column (e) and amount of QSub

schedule notifies the FTB that the QSub’s

“none.”

annual tax paid in column (f).

Form 100S Booklet 2015 Page 39

8001153

Schedule Qs - California Qualified Subchapter S Subsidiary (Qsub) Information - 2015

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