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Reportability of settlement agreement
January 16, 2022
Q. We are paying a settlement agreement to a parent of one of our special education students. The payment is for reimbursing the parent for medical bills (we have the receipts) for the student and attorney fees. Is the reimbursement reportable on Form 1099 and is the attorney fees also reportable?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and…
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