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Payment to an expert in a court hearing
December 19, 2024
Q. If someone is a expert for a court hearing and their W-9 states they are an individual?1 - Would this be reported as Other Income?2 - Would this be reported on a 1099-NEC?
A.
(Answered by IOFM's third-party tax experts)
In regard to a payment your company makes to an expert for a court hearing, if you have hired the expert to present evidence at the hearing, this is a payment you are making to the expert in exchange for services and is reportable on Form 1099-NEC. Report the payment based…
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