Perspective
Jan. 28, 2016
When and to whom should lawyers ever issue a 1099?
No one likes receiving Internal Revenue Service Forms 1099, those pesky little tax forms you receive this time of year to report last year's income. By Robert W. Wood
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.
No one likes receiving Internal Revenue Service Forms 1099, those pesky little tax forms you receive this time of year to report last year's income. Issuing them isn't any fun either, but there are penalties for failing to do so. Most of the penalties are relatively small, which makes their impact primarily in the case of repetitive or mass failures.
Suppose you distribute class action checks to thousands of plaintiffs, bu...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In