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mix asked in Politics & GovernmentLaw & Ethics · 1 year ago

IRS 1099-Misc Question [California]?

Contingency-Based Plaintiff Personal Injury Law firm makes a ($600+) payment to another Law firm on behalf of their Client, how does the 1099 reporting work/ which box?  Or after settlements, when attorneys pay out other attorneys? It's all very confusing.  Any insight would be appreciated..

3 Answers

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  • Anonymous
    1 year ago

    Are you asking about fee splitting?

    It's income to the firm that receives the check.

    "Paying out other attorneys" is NOT a routine way law firms work.

  • Exoplanet
    Lv 7
    1 year ago

    Pay-mint fur whut?

  • davidmi711
    Lv 7
    1 year ago

    The instructions and form are available here: https://www.irs.gov/forms-pubs/about-form-1099-mis...

    If it is still confusing, consult a tax professional or tax lawyer.

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