Instructions for IRS Form 1120 Schedule O Consent Plan and Apportionment Schedule for a Controlled Group

IRS Form 1120 Schedule O Consent Plan and Apportionment Schedule for a Controlled Group

This document contains official instructions for IRS Form 1120 Schedule O, Consent Plan and Apportionment Schedule for a Controlled Group - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1120 Schedule O is available for download through this link.

FAQ

Q: What is IRS Form 1120 Schedule O?
A: IRS Form 1120 Schedule O is a form used for Consent Plan and Apportionment Schedule for a Controlled Group.

Q: What is a Controlled Group?
A: A Controlled Group is a group of businesses that are under common control, usually through ownership.

Q: When is IRS Form 1120 Schedule O used?
A: IRS Form 1120 Schedule O is used when a business is part of a Controlled Group and needs to consent to a plan and apportion its income.

Q: What information is required on IRS Form 1120 Schedule O?
A: IRS Form 1120 Schedule O requires information about the Controlled Group members, the apportionment method used, and the consent to the plan.