Reporting attorney payments for both a trust account and on behalf of a claimant

September 13, 2021

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Q. We are paying the same attorney with a single TIN number for two different things: one payment is made to the trust account and one is made for benefit of the claimant. Would they be filed on the same 1099 or two separate 1099s? 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.) For box 10 Form 1099-MISC reporting of "gross…

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