Jul. 31, 2002
Resolve Tax Treatment Before Settlement Agreement Is Signed
Focus Column - By Robert W. Wood - If you receive payment from a client, will you receive an Internal Revenue Service 1099 form from the client? What if an opposing party pays your fee? What if the check is not only to pay your fees but also to settle a lawsuit brought by your client? Will you receive a 1099 for the full amount? Will your client get a 1099 form, too?
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
By Robert W. Wood
If you receive payment from a client, will you receive an Internal Revenue Service 1099 form from the client? What if an opposing party pays your fee? What if the che...
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