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Payments on behalf of a parent company
March 28, 2023
Q. If we make payments on behalf of our parent company, who has to issue the 1099?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
Whether the parent or the affiliate issues the 1099 depends on who the payer is for tax reporting purposes. If the entity making the payments on behalf of the parent company is a disregarded…
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