1099 for settlement to an estate

April 28, 2020

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Q. We are issuing taxable settlement on behalf of an estate. The payment will be made payable to the plaintiff's attorney's escrow account. Do we send the 1099 to the estate and the plaintiff's attorney, or just to the attorney? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) Both.  Form 1099-MISC reports the estate as…

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