Schedule G (Form 1120) - Information On Certain Persons Owning The Corporation'S Voting Stock Page 2

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Schedule G (Form 1120) (Rev. 12-2011)

Page

General Instructions

Specific Instructions

Example 1. Corporation A owns,

directly, a 50% interest in the profit, loss,

or capital of Partnership B. Corporation A

Purpose of Form

Part I

also owns, directly, a 15% interest in the

profit, loss, or capital of Partnership C and

Use Schedule G (Form 1120) to provide

Complete Part I if the corporation

owns, directly, 15% of the voting stock of

information applicable to certain entities,

answered “Yes” to Form 1120, Schedule K,

Corporation D. Partnership B owns,

individuals, and estates that own, directly,

Question 4a. List each foreign or domestic

directly, a 70% interest in the profit, loss,

20% or more, or own, directly or indirectly,

corporation, partnership, trust, or tax-

or capital of Partnership C and owns,

50% or more of the total voting power of all

exempt organization that owns, at the end

directly, 70% of the voting stock of

classes of the corporation’s stock entitled

of the tax year, directly 20% or more, or

Corporation D. Corporation A owns,

to vote.

owns, directly or indirectly, 50% or more of

indirectly, through Partnership B, a 35%

the total voting power of all classes of the

Who Must File

interest (50% of 70%) in the profit, loss, or

corporation’s stock entitled to vote.

capital of Partnership C and owns,

Indicate the name of the entity, employer

Every corporation that answers “Yes” to

indirectly, 35% of the voting stock of

identification number (if any), type of entity

Form 1120, Schedule K, Questions 4a or

Corporation D. Corporation A owns,

(corporation, partnership, trust, or tax-

4b, must file Schedule G to provide the

directly or indirectly, a 50% interest in the

exempt organization), country of

additional information requested for certain

profit, loss, or capital of Partnership C

organization, and the percentage owned,

entities, individuals, and estates owning the

(15% directly and 35% indirectly), and

directly or indirectly, of the voting stock of

corporation’s voting stock.

owns, directly or indirectly, 50% of the

the corporation.

voting stock of Corporation D (15% directly

Constructive Ownership of

For an affiliated group filing a

and 35% indirectly).

the Corporation

consolidated tax return, list the parent

Corporation D reports in Part I that its

corporation rather than the subsidiary

voting stock is owned, directly or indirectly,

For purposes of Schedule G (Form 1120),

members. List the entity owner of a

50% by Corporation A and is owned,

the constructive ownership rules of section

disregarded entity rather than the

directly, 70% by Partnership B.

267(c) (excluding section 267(c)(3)) apply to

disregarded entity. If the owner of a

ownership of interests in corporate stock

disregarded entity is an individual rather

Example 2. A owns, directly, 50% of the

and ownership of interests in the profit,

than an entity, list the individual in Part II.

voting stock of Corporation X. B, the

loss, or capital of a partnership. An interest

daughter of A, does not own, directly, any

Part II

in the corporation owned directly or

interest in Corporation X and does not

indirectly by or for another entity

own, indirectly, any interest in Corporation

Complete Part II if the corporation

(corporation, partnership, estate, or trust) is

X through any entity (corporation,

answered “Yes” to Form 1120, Schedule K,

considered to be owned proportionately by

partnership, trust, or estate). Therefore, the

Question 4b. List each individual or estate

the owners (shareholders, partners, or

family attribution rules do not apply and,

that owns, at the end of the tax year,

beneficiaries) of the owning entity. Also,

for the purposes of Part II, the 50% interest

directly 20% or more, or owns, directly or

under section 267(c), an individual is

of A in Corporation X is not attributed to B.

indirectly, 50% or more, of the total voting

considered to own an interest owned

power of all classes of the corporation’s

Example 3. A owns, directly, 50% of the

directly or indirectly by or for his or her

stock entitled to vote. Indicate the name of

voting stock of Corporation X. B, the

family. The family of an individual includes

the individual or estate, taxpayer

daughter of A, does not own, directly, any

only that individual’s spouse, brothers,

identification number (if any), country of

interest in X but does own, indirectly, 10%

sisters, ancestors, and lineal descendants.

citizenship (for an estate, the citizenship of

of the voting stock of Corporation X

An interest will be attributed from an

the decedent), and the percentage owned,

through Trust T of which she is the sole

individual under the family attribution rules

directly or indirectly, of the voting stock of

beneficiary. No other family member of A or

only if the person to whom the interest is

the corporation.

B owns, directly, any interest in

attributed owns a direct or an indirect

Corporation X nor does any own, indirectly,

interest in the corporation under section

any interest in Corporation X through any

267(c)(1) or (5). However, for purposes of

entity. Neither A nor B owns any other

these instructions, an individual will not be

interest in Corporation X through any entity.

considered to own, under section 267(c)(2),

For the purposes of Part II, the 50%

an interest in the corporation owned,

interest of A in the voting stock of

directly or indirectly, by a family member

Corporation X is attributed to B and the

unless the individual also owns an interest

10% interest of B in the voting stock of

in the corporation either directly or

Corporation X is attributed to A. A owns,

indirectly through a corporation,

directly or indirectly, 60% of the voting

partnership or trust.

stock of Corporation X, 50% directly and

10% indirectly through B. B owns, directly

or indirectly, 60% of the voting stock of

Corporation X (50% indirectly through A

and 10% indirectly through Trust T).

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