Parent of a Consolidated Group — 0726 Publ 5884 (PDF)

After the name field, there is a question, “Are you the parent of a consolidated group?”.

Answer “Yes” to this question only if the entity is a corporation (including an Alaska Native Corporation) that files Form 1120 on a consolidated basis for itself and one or more subsidiary corporations.

The parent of a consolidated group of corporations will register on behalf of itself and will act as agent for subsidiaries included in the group. The parent corporation will provide the subsidiary name and EIN for each facility or property being registered that is owned by the subsidiary. If you need to register additional subsidiaries, a separate registration package must be submitted for each subsidiary EIN.

Note: See information for an Alaska Native Corporation that is the parent of a consolidated group of corporations that includes subsidiaries that are not Alaska Native Corporations in the description of registrant types below.

Information on the subsidiary is necessary because the subsidiary owner of a facility or property is a legal entity separate from the parent corporation. Collecting information about the subsidiary owner of the facility/ property allows the registration to be associated both with the subsidiary (as owner) and the parent (as the entity filing the return where the credit is reported).

If a subsidiary later leaves the consolidated group, the former parent and the subsidiary should amend the registration to update/remove the association of the registration number for purposes of filing of the annual return where the credit will be computed and reported. See “Amendments.”