Information Return Intelligence
Episode 39: Settlement Payments, Attorney Fees and 1099 Reporting
11:11
If your organization pays a legal settlement, and part of that settlement goes directly to the plaintiff's attorney, should that attorney portion be included on the plaintiff's Form 1099-MISC?
The answer is yes.
In this week's episode of Information Return Intelligence, Jason reviews the recent Eiler v. Commissioner decision, which reinforces a long-standing principle of tax law: the plaintiff…