To implement an acquisition plan and adhere to required employment tax obligations. Employment tax requirements were addressed in a timely fashion and the client was able to recover significant employment tax overpayments. Equifax provided help and support in addressing the employment tax aspects of the transaction. On July 1, a large financial services institution acquired the credit card business operations, including employment, of another unrelated large financial services institution. At the time of the transaction, the credit card business unit operated under three separate legal entities, in four states.

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