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Company wants remittances sent to a subsidiary with a different TIN
January 29, 2024
Q. Our company is planning to do business with ABC Inc (11-1111111). ABC Inc owns DEF Inc (22-2222222) and wants us to send remittances to DEF Inc. ABC Inc provides a W-9 for ABC Inc with EIN 11-1111111 and a separate W-9 for DEF Inc with EIN 22-2222222. ABC Inc insists they will not provide a W-9 with ABC Inc on Line 1 and DEF Inc on Line 2 and with EIN 11-1111111. Should this be treated as a factoring company?
A.
(Answered by IOFM's third-party tax experts)
If your company's contract is with…
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