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1099 for multiple businesses with the same EIN
February 24, 2023
Q. We are a real estate management company. We have a group of separate businesses that want to file under a common EIN. Is it OK to consolidate the income for each investor/vendor for the businesses and send one 1099, orshould each business file separately, or either way is correct?
A.
(Answered by IOFM's third-party tax experts)
A business files Forms 1099 under its name and EIN for reportable payments it made during the year and also for reportable payments made by other entities which it…
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