Rev. Rul. 65-303

A parent corporation, with approximately 25 subsidiary corporations, asks permission to file one master Form 1096, U.S. Annual Information Return, in the name of the parent, covering all the information returns, Form 1099, U.S. Information Return For Calendar Year, that are required to be filed by the parent and its subsidiaries. Held that, since Form 1096 is the transmittal and summary report of items appearing on Forms 1099, must disclose the payer identification number, and be signed by each payer making payments of $600 or more to another person, it is necessary for purposes of processing these forms that a separate Form 1096 be filed by each subsidiary making payments of $600 or more to another person.