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Eyeball test for corporation names
January 26, 2023
Q. If I have a vendor named TXYZ Inc., can I use the "eyeball test" and assume since it has "Inc." in the name, they are not reportable?
A.
(Answered by IOFM's third-party tax experts)
The "eyeball test" of federal Reg. sec. 1.6049-4(c) is still in effect.
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