I will admit we probably have a couple of clients that we should be doing a state unitary filing but we are not. And I am not up to speed on how the return should look or if it is even required but here is situation
Q-Sub parent who has a checking account and maybe wrote 5 checks for the year. Paid state corporate tax, accounting bill and then loaned money to sub. The Sub has all of the activity and then there is a SMLLC (owned by Q Sub) that owns the real estate and rents to the sub. The SMLLC pays the mortgage.
I have consolidated all this info on an 1120S , so the building and mortgage is on the 1120S and the rent/rental income net to zero.
Should I be filing one 1120S with all the activity under Parent EIN?
At the Massachusetts level is a unitary filing required ? We are well under the $6 million revenue number so are not getting around the sting tax
PS Not sure why attorney set it up like this bit it makes my life difficult