RobertB4444
Expert Alumni

Business & farm

A subsidiary is really just part of your company.  If you want it spun off or accounted separately then it needs its own EIN and then it files its own tax return.  Otherwise its all just one company.

 

So the only loophole is just not reporting some of your income.  Which feels like its the same loophole as always.  As long as you don't mind risking an audit.

 

@Jac123 

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