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Parent company has a different EIN that the one we do business with
June 13, 2024
Q. The owner of a company we do business with is a holdings corporation (C corporation) with an EIN different than the company we are dealing with, which is a single member LLC disregarded entity. How do I set this up? Which company name and EIN should I use? Is either one 1099 reportable?
A.
(Answered by IOFM's third-party tax experts)
The parent company which owns the DE is the recipient entity for Forms 1099 information reporting purposes – any 1099 returns would show the parent entity's…
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