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Is a worker's comp payment 1099 reportable?
August 19, 2024
Q. i would like to know if worker's comp payment to an employee's beneficiary is tax reportable on 1099. 1. If yes, will you please let me know which form (NEC / MISC) under which box? 2. Also, a payment will also be made to the employee / employee's family attorney for his fees. This will be reportable under 1099. Please confirm which form and under which box for this payment?
A.
(Answered by IOFM's third-party tax experts)
A payment your organization makes to an employee, or their survivors,…
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