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How does a Qualified Subchapter S Subsidiary (QSSS) file ?

April 26, 2017file QSSS qualified Subchapter subsidiary

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How does a Qualified Subchapter S Subsidiary (QSSS) file ?

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For tax years beginning after December 31, 1998, a qualified subchapter S subsidiary whose stock is 100% owned by an Alabama S corporation is disregarded and treated as a division of the parent. The parent S corporation will file a 20-S return with this state. An Alabama S corporation is any corporation with a valid election under 26 U.S.C. sections 1362 or 1362(b)(3) which conducts business within this state.