ILLMAS Posted October 16, 2019 Report Posted October 16, 2019 Can someone give me a good reason why a business A (revenue, payroll, expenses etc...) would run their operations with one FEIN, but report (1120) with business B FEIN  I would understand if business A, gave business B a K-1 but this is not the case. The IRS probably doesn't care who reports it, however I would think the IRS would like to tie a 1099-K issued to business A wouldn't they? Quote
Margaret CPA in OH Posted October 16, 2019 Report Posted October 16, 2019 Consolidated companies? Division? Subsidiary? DBA? Do you know of any relationship such as identical shareholders? 2 Quote
ILLMAS Posted October 16, 2019 Author Report Posted October 16, 2019 Consolidated companies? Division? Subsidiary? Don't see any reference on the tax return.   DBA? No, at first that is what I thought.  Do you know of any relationship such as identical shareholders? Yes, same shareholders on both companies.   Quote
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