How are Qualified Subchapter S Subsidiaries (QSSS) treated for Mississippi income and franchise taxes purposes?
A federal election to be treated as a Qualified Subchapter S Subsidiary (QSSS) is considered an election for Mississippi purposes, and as such, the QSSS will be treated the same for state income and franchise tax purposes. The reporting company must file a corporate tax return on behalf of the QSSS.
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