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Legal fee reimbursement -- 1099 reportable?
August 8, 2022
Q. My company reimbursed an LLP (not a law firm) for legal fees that the LLP paid to a law firm. Would we report the LLP as 1099 reportable at the end of the year for the reimbursement we paid?
A.
(Answered by IOFM’s third-party tax experts)
If you paid the vendor company for services it provided to your organization and the legal fee amount was a reimbursement of that vendor's business expense in providing services to your organization and the amount of the reimbursement was substantiated by a…
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