Tax
Jul. 5, 2022
What lawyers should know about IRS Form 1099
Lawyers receive and send more Forms 1099 than most people, in part because of 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.
An IRS Form 1099 reminds you that you have to pay tax. You probably don’t like receiving the forms, and if you’re in business, you probably don’t especially like sending out the forms either. The forms can prompt calls and complaints from recipients saying the information is wrong, they didn’t receive the payment, the form should not have been issued for this kind of payment, and so on.
But millions of Forms 1099 are sent out every year, a...
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