Understanding Parent Companies

If the organization contains several companies that are structured under one parent company, and all of the child companies have the same corporate tax ID, you can update W-2 information and report it under the parent company. When you update multiple companies under a parent company, an employee who worked in more than one child company receives only one W-2.

You must summarize the parent company by itself. Example: The parent company is 00001 and the child company is 00050. Year-end information for both companies is summarized under company 00001. The W-2s for employees who work for either company display the name and tax ID of company 00001.

For W-2 reporting purposes, the Federal A corporate tax ID number cannot contain punctuation or spaces. If dash signs exist in the Federal A corporate tax ID, remove them. Then, to correct employee history records that have the erroneous Corporate Tax ID information, follow the steps to update payroll history integrity.

See "Verifying Payroll History Integrity" in the JD Edwards EnterpriseOne Applications U.S. Payroll Implementation Guide"Verifying Payroll History Integrity" in the JD Edwards EnterpriseOne Applications Payroll Implementation Guide.