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Form1120U. S. Corporation Income Tax ReturnDepartment of the Treasury Internal Revenue Service Check if: 1a Consolidated return(attach Form 851). . . .b Life/nonlife consoli2dated return. . . . .
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A subsidiary will be treated as a separate legal entity from its parent company.
Companies or individuals who have subsidiary entities are required to file.
Subsidiary can be filled out by providing the necessary information about the subsidiary entity.
The purpose of subsidiary treatment is to maintain transparency and provide accurate financial information about the subsidiary entity.
Information such as financial statements, ownership structure, and relationships with the parent company must be reported on the subsidiary.
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