California Qualified Subchapter S Subsidiary (QSub) Information

Qualified Subchapter S Subsidiary (QSub) Information
2023 SCHEDULE QS Qualified Subchapter S Subsidiary (QSub) Information
TAXABLE YEAR

2023

Qualified Subchapter S Subsidiary (QSub)
Information

CALIFORNIA SCHEDULE

QS

Attach to Form 100S.
Parent S corporation name

California corporation number or FEIN

QSubs Included in Parent S Corporation’s Form 100S
(a)
Name of QSub

(b)
California
corporation
number

General Information
California conforms to the federal treatment of
Qualified Subchapter S Subsidiaries (QSubs),
with certain exceptions. A QSub is subject to
an annual tax of $800 which is paid by the
parent S corporation.
The parent S corporation must complete
Schedule QS, Qualified Subchapter
S Subsidiary (QSub) Information, and attach
it to the Form 100S, California S Corporation
Franchise or Income Tax Return, for each
taxable year in which a QSub election
is in effect.
See Form 100S, S Corporation Tax Booklet,
General Information DD, Qualified Subchapter
S Subsidiary (QSub), for more information.

Purpose
Schedule QS is used by the parent
S corporation of a QSub to inform the
Franchise Tax Board (FTB) of the QSub(s)
it owns. This schedule notifies the FTB that

(c)
Federal employer
identification
number

(d)
Effective date of
federal QSub
election
(mm/dd/yyyy)

the QSub’s items of income, deduction, and
credit will be included in the parent’s return
and the QSub will not file a separate California
franchise or income tax return.

Specific Instructions
Enter the name of the parent S corporation,
the parent’s California corporation number, or
federal employer identification number (FEIN).
QSubs Included in Parent S Corporation’s
Form 100S
Enter the information for each QSub whose
items of income, deduction, and credit
are required to be included in the parent’s
Form 100S. In column (a), enter the name
of each QSub included in this return. If the
QSub has or had a California corporation
number, enter the number in column (b). If
the QSub has or had a FEIN, enter the number
in column (c). If the QSub does not have a
California corporation number or a FEIN, leave
the fields blank.

8001233

(e)
Date of QSub
annual tax
payment
(mm/dd/yyyy)

(f)
Amount of
QSub annual
tax paid

Enter the effective date of the federal
QSub election made for the subsidiary in
column (d). An election made by the parent
S corporation under Internal Revenue Code
Section 1361(b)(3) to treat a corporation as
a QSub for federal purposes is treated as a
binding election for California purposes. If the
effective date falls on a date other than the
first day of the subsidiary’s taxable year, the
subsidiary must file a short-period return if
it was subject to tax in California prior to the
effective date.
The parent S corporation is required to pay
$800 annual tax for each QSub it owns that
is incorporated, qualified, or doing business
in California. The QSub annual tax is due and
payable when the parent’s first estimated
tax payment is due. If the QSub is acquired
during the taxable year, the QSub annual
tax is due with the parent’s next estimated
tax installment. Enter the date of payment
in column (e) and amount of QSub annual
tax paid in column (f). Include the amounts
reported in column (f) on the parent’s
Form 100S, Side 2, line 21.

Schedule QS 2023