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Who Reports 1099s for Legal Settlement Payments Through Attorneys?
September 17, 2026
Q. On legal settlement payments that go through the attorney, is the attorney not responsible for issuing a 1099 to the plaintiff?
A.
(Answered by IOFM's third-party tax expert)
No, they are not responsible for the reporting. You are.
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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
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