Tax,
Law Practice
Mar. 10, 2026
Negotiating Forms 1099 in settlement agreements
Proper planning in legal settlement agreements about IRS Form 1099 reporting--what forms will be issued, to whom, and in what amounts--can prevent disputes and avoid unintended tax consequences for plaintiffs and their attorneys.
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.
IRS Forms 1099 are important. After all, each one is
matched to a Social Security Number or EIN and facilitates information matching
by the IRS. In many ways, these forms are the centerpiece of IRS automated
enforcement. If you don't report one, it is nearly automatic that the IRS can
spew out a notice.
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