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1099 and unclaimed property reporting from multiple branches of a parent company
September 27, 2021
Q. I have been thinking about the current way we issue 1099s/unclaimed property and wanted to ensure we were correct as we have recently acquired additional companies that handle processes differently.
We have our parent company and a variety of locations that fall under this parent but have their own tax ID. When we issue POs the PO comes from the specific individual entities, but when we issue payments the payments come from the parent company name.
When we issue 1099s or file for unclaimed…
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