I live in California. I have a lawyer to help me settle a car to make insurance claims. The request was to pay my lawyer and she gave me money after deducting its fees. The lawyer took him a 20% reduction in demand for insurance of the total demand was less than $ 2,000. Why it took me a form to fill W-9?
W-9 are for tax purposes at the end of the year, the lawyer and the IRS will send you a 1099 that income. You are responsible for paying the taxes on this settlement owe.
they can tell you a 1099 for any amount you receive while you are at least $ 600.00 you get 1099 the amount of the settlement together not only display what you have to see a tax professional now be received if the regulation was personal injury, then the IRS usually does not count as taxable income
I can not do enough to make a tax professional now your lawyer is probably not qualified to deal with stress see tax issues.