1099s and Attorney Fees

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Recorded On: 02/18/2015

It's tax season and by now you and your clients should have received 1099s for settlements and judgments from last year. These forms are often misunderstood and raise many questions, especially regarding their implications for the taxation of attorneys' fees. In this session, you will have the opportunity to have your own questions about 1099s answered and to learn from issues other NACA members are facing regarding these forms.

What You Will Learn

• What are the difference between tax reporting and tax liability
• What are the avenues for addressing 1099s that are incorrect or erroneously issued
• What are the implications of the NACA Tax Initiative's current strategy for 1099s

Ayalon Eliach

Ayalon Eliach has been working on the NACA Tax Initiative since 2014. Prior to that, he practiced tax law at Roberts & Holland LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York City. He holds a JD, cum laude, from Harvard Law School and a BA, summa cum laude, from Yale University. His views on tax law have appeared in various publications, including the New York Times and the NYU Review of Law & Social Change.