- Membership
- Certification
- Events
- Community
- About
- Help
Payments made from different entities owned by the same parent company
March 29, 2023
Q. We are a parent company and we started sending payments for our other entities mid year. This may mean that the same vendor was paid $400 for the first half under one TIN and $300 for the second half under another TIN. Reporting under each TIN would reflect them not receiving a 1099. Is that correct or should we combine under the parent company or company that received the service?
We own the other entities. We are just processing their invoices and cutting their checks to help with…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
