Most defendants issue IRS Forms 1099 for legal settlements. The form may be issued to the lawyer, the client, or both. Frequently, both the client and the lawyer receive a Form 1099 for 100%, making ...
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Your debt was forgiven, but now the IRS wants its cut: What's Form 1099-C?
Received a Form 1099-C for canceled debt? Learn why the IRS may consider it taxable income and, crucially, how you might be ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Most IRS Forms 1099 arrived around the end of January 2026 for ...
1099s show up everywhere during tax season, and yet few topics cause more confusion among founders and small business owners. You've probably heard conflicting answers about who gets a 1099, when ...
Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form 1099-R ...
As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...
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