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1120 Controlled Group Question

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    1120 Controlled Group Question

    What is the time interval for which a "controlled group" exists?

    Example: I have an established C corp (began 1995) with fiscal year end 06/30/12.

    Same owner begins a second C corp effective 07/01/12 and will be choosing a short year
    ending 12/31/12.

    Does the established C corp deal with the "controlled group" issue (affecting the surcharge
    exemption) in its 06/30/12 tax return??

    #2
    December 31st. See Schedule O (Form 1120) and the separate instructions for Schedule O (Form 1120). Both are available on the IRS's Forms and Pubs web site.
    Roland Slugg
    "I do what I can."

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