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Best practice for 1099 filing with an acquisition

September 28, 2021
September 28, 2021

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Q. We closed on an acquisition mid-year but will be running dual AP departments at 12/31. What are the best practices for filing the 1099s when the acquired entity's tax ID number won't exist at 12/31? Should we file separately since we have two systems running, or should we combine the data appropriately by the remaining tax IDs? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099,…

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