Form 1122

Form 1122

A form that one files with the IRS to include a subsidiary on its parent company's tax return. See also: Consolidated tax return.
References in periodicals archive ?
1502-75(b) authorizes the Commissioner, in certain situations, to treat a subsidiary as if it had filed Form 1122, "Authorization and Consent of Subsidiary Corporation To Be Included in a Consolidated Income Tax Return," even though it failed to do so, for instance, due to a mistake of law or fact or if it was inadvertently not filed.
2014-13, 3/10/14) states the Commissioner will treat one or more subsidiaries as if Form 1122 had been filed under the conditions described in Section 3 of this revenue procedure.
Form 1122 - Authorization and Consent of Subsidiary Corporation to be Included in a Consolidated Income Tax Return
also must attach form 1122, giving the subsidiary's consent to be included on the return.
Although the Forms Division recommended as early as February 1986 that the consolidated return regulations be revised to eliminate the requirement that Form 1122 be filed (because the necessary consent could be deemed to be given by virtue of the parent company's filing of Form 851), the appropriate change in the regulations has not been forthcoming.