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Tax

Jul. 30, 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?

        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 ...

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