Get 2010 Schedule Qs -- Qualified Subchapter S Subsidiary (qsub) Information Worksheet. 2010 California

Filling out the 2010 Schedule QS is essential for S corporations with Qualified Subchapter S Subsidiaries in California. This guide provides clear instructions to help users navigate each section of the form effectively.

Follow the steps to complete the QSub Information Worksheet.

1. Click ‘Get Form’ button to access and open the 2010 Schedule QS form in the editor.
2. In Part I, enter the name of the parent S corporation, its California corporation number (seven digits), and the federal employer identification number (FEIN) which consists of nine digits.
3. Proceed to Part II. In column (a), list the name of each QSub included in this return. This section should reflect all subsidiaries related to the parent corporation.
4. If a QSub holds or has held a California corporation number, input that number in column (b). For QSubs with a FEIN, enter the relevant number in column (c). If neither applies, simply write 'none'.
5. In column (d), enter the effective date of the federal QSub election for each subsidiary. This date is crucial as it determines the tax implications for the QSub.
6. In column (e), indicate the date of payment for the QSub annual tax. This payment is due as part of the S corporation's obligations.
7. Lastly, enter the amount of QSub annual tax paid in column (f). The standard tax is $800 for each QSub owned by the S corporation in California.
8. Once all sections are filled out correctly, save your changes, then download, print, or share the completed form as needed.

Start completing your 2010 Schedule QS online today to ensure compliance and accurate reporting.