Schedule O (Form 1 Consent Plan and Apportionment Schedule for a Controlled

SCHEDULE O
(Form 1120)
(December 2006)
Department of the Treasury
Internal Revenue Service

©

Consent Plan and Apportionment Schedule
for a Controlled Group

OMB No. 1545-0123

Attach to Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-L, 1120-PC, 1120-REIT, or 1120-RIC.
© See separate instructions.

Name

Employer identification number

Apportionment Plan Information

Part I

1 Type of controlled group:
a
Parent-subsidiary group
b
Brother-sister group
c
Combined group
d
Life insurance companies only
2 This corporation has been a member of this group:
a
For the entire tax year.
From
, 20
, until
b

, 20

.

3 This corporation consents to:
a
Adopt an apportionment plan.
b
Amend the current apportionment plan.
c
Terminate the current apportionment plan.
4 Check the applicable box, below, concerning the status of the group’s apportionment plan (see instructions).
a
No apportionment plan is in effect and none is being adopted.
An apportionment plan is already in effect. It was adopted for the tax year ending
, 20
, and
b
for all succeeding tax years.
All the members of this group are currently amending a previously adopted plan, which was in effect for the tax year
c
ending
, 20
, and for all succeeding tax years.
All the members of this group are adopting an apportionment plan, effective for the current tax year, which ends on
d
, 20
, and for all succeeding tax years.
e
The plan was terminated, effective
, 20
, because:
(i)
This group ceased to remain in existence during the calendar year ending on the December 31st subsequent
to the adoption of the plan.
(ii)
A corporation which was a component member of this group on the December 31st of this tax return year is
not a component member of this group on the succeeding December 31st.
(iii)
A corporation which was not a component member of this group on the December 31st of this tax return
year is a component member of this group on the succeeding December 31st.
(iv)
All the members of the group have agreed to terminate the previously adopted plan.
5

If all the members of this group are adopting a plan or amending the current plan for a tax year after the due date
(including extensions) of the tax return for this corporation, is there at least one year remaining on the statute of limitations
from the date this corporation filed its amended return for such tax year for assessing any resulting deficiency? See
instructions.

a
(i)
(ii)

b

Yes.
The statute of limitations for this year will expire on
, 20
.
On
, 20
, this corporation entered into an agreement with the
Internal Revenue Service to extend the statute of limitations for purposes of assessment until
, 20
.
No.

For Privacy Act and Paperwork Reduction Act Notice,
see Instructions for Forms 1120 and 1120-A.

Cat. No. 48100N

Schedule O (Form 1120) (12-2006)

Schedule O (Form 1120) (12-2006)

Page

2

Taxable Income Apportionment (See instructions)
Part II
Caution: Each total in Part II, column (g) for each component member must agree with Form 1120, page 1, line 30 or the comparable line of such member’s
tax return.
Taxable Income Amount Allocated to
Each Bracket
(a)
Group member’s name and
employer identification number

(b)
Tax year end
(Yr-Mo)

(c)
15%

(d)
25%

(e)
34%

(f)
35%

(g)
Total (add columns
(c) through (f))

1
2
3
4
5
6
7
8
9
10

Total
Schedule O (Form 1120) (12-2006)

Schedule O (Form 1120) (12-2006)

Part III

Page

3

Income Tax Apportionment (See instructions)
Income Tax Apportionment
(a)
Group member’s name

(b)
15%

(c)
25%

(d)
34%

(e)
35%

(f)
5%

(g)
3%

(h)
Total income tax
(combine lines
(b) through (g))

1
2
3
4
5
6
7
8
9
10

Total
Schedule O (Form 1120) (12-2006)

Schedule O (Form 1120) (12-2006)

Part IV

Page

4

Other Apportionments (See instructions)
Other Apportionments
(a)
Group member’s name

(b) Accumulated
earnings credit

(c) AMT
exemption
amount

(d) Phaseout of
AMT exemption
amount

(e) Penalty for failure
to pay estimated tax

(f)
Other

1
2
3
4
5
6
7
8
9
10

Total
Schedule O (Form 1120) (12-2006)