- Membership
- Certification
- Events
- Community
- About
- Help
Reporting a settlement paid to claimant's attorney
January 16, 2022
Q. A settlement amount was paid directly to the attorney who represented a claimant. Do I have to issue one 1099 Misc form to the attorney or I have to issue two 1099-Misc forms, one to the attorney and one the the claimant?
A.
(Answered by Sovos, a 3rd party software, services and education provider offering assistance in tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, Canada, Quebec, Puerto Rico and State Reporting.)
Our understanding of the…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
