Tax,
Law Practice
Feb. 18, 2022
IRS Form 1099 and lawyers: What, me worry?
Lawyers receive and send more Forms 1099 than most people, in part due to tax laws that single them out.
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.
Most of us receive IRS Forms 1099 every year. These little forms report interest, dividends, real estate sales proceeds, consulting income, retirement plan distributions, tax refunds, and many other categories of income. They are a major source of information for the IRS, and they enable the IRS to quickly match data. Copies go to state tax authorities, too, and they are equally useful in collecting state tax revenues. In fact, these little forms represent the keys to...
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