Tax Issues for Employment Law Claims (and Wrongful Termination Suits)

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  • เผยแพร่เมื่อ 14 ม.ค. 2025

ความคิดเห็น • 2

  • @nyacoustics8373
    @nyacoustics8373 ปีที่แล้ว +1

    what is the defendant doesnt issue a 1099 for the compensatory damages? they just issue a w2 for lost wages.

    • @strohmeyerlawpllc
      @strohmeyerlawpllc  ปีที่แล้ว

      They have to issue some form (usually 1099 or W-2) to report the payment so that the plaintiff can properly report the payment on their taxes. Even if there's not a tax form, taxpayers need to report the income properly to the IRS.