Successor - predecessor reporting

October 12, 2020


Q. My company acquired another company on January 10. Payments were issued from the acquired company's ERP for a period following the acquisition in order to clear all open items and establish a clean cutoff for data conversion.Are we required to report payments issued from the acquired company's ERP under that entity's TIN separately from payments issued from the purchasing company?Or, can all payments from Jan. 1-Dec. 31 be consolidated and reported by the purchasing company under its…

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