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Are Settlement Payments to the Government 1099 Reportable?
March 28, 2025
Q. Is settlement payment to the government 1099 reportable?
A.
(Answered by IOFM's third-party tax expert)
No, a settlement to the government would not be reportable. However, if the settlement money is sent to a law firm as an intermediary, that would be reportable in box 10 of 1099-MISC.
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