Court-ordered settlement payment to a trustee
January 9, 2020
Q. We recently made a settlement payment ordered by the court to the trustee of a bankruptcy estate. Is this reportable to the trustee in box 14 or to the bankrupt company in box 3? Is it reportable at all?
(Answered by COKALA Tax Information Reporting Solutions, LLC, 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. You can learn more about…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise member — or upgrade your Starter membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!