How to report a payment to attorney's trust account
September 9, 2019
Q. Is a payment to an attorney’s trust account reportable? If so, in what box?
(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 them at www.cokala.com.)
If the payment is to an attorney/law firm that did not perform services for the payer, the amount is…
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