Separate existence ignored. (1) In general. Except as otherwise provided in paragraphs (a)(3), (a)(6), (a)(7), (a)(8), and (a)(9) of this section, for Federal tax purposes— (i) A corporation that is a QSub shall not be treated as a separate corpora- tion; and (ii) All assets, liabilities, and items of income, deduction, and credit of a QSub shall be treated as assets, liabil- ities, and items of income, deduction, and credit of the S corporation.
Appears in 5 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
