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Reporting a settlement payment to a law firm on behalf of an employee
December 8, 2021
Q. Are legal fees to be included on the employee 1099 reported? Or does it get reported separately? This regards a payment for a settlement to a law firm on behalf of an employee. Should this be included on the employee 1099? Or does each get their own 1099?
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 state reporting.)
(1) If the law firm's…
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