Rhode Island Amends Qualified Subchapter S Subsidiary Corporations Rule

The Rhode Island Division of Taxation amended 280 R.I. Code Reg. Section 20-25-14, concerning qualified subchapter S subsidiary corporations for corporate income tax purposes. The amendment requires a subchapter S corporation parent and its qualified subsidiaries to each obtain a federal employer identification number. The amended rule is effective July 1. [R.I. Div. of Tax’n, Reg. Section 20-25-14, 06/11/18]

Reference:
View Source Document. For a discussion on Rhode Island Pass-Through Entity Qualified Subchapter S Subsidiaries, see the Pass-Through Entity Navigator, at Rhode Island 10.