Who does the company issue a 1099 to when a payment is made to a lawyer to hold in escrow for the third party that provided services? Is the law firm requried to file 1099 for payment to third party when they issue check?
John,
The law firm will issue the Form 1099 upon payment since they are the ones writing the check. You will issue your 1099 to the law firm for the payment.
Allan Lyons
Institute of Management Accountants 10 Paragon Drive, Suite 1 Montvale, New Jersey 07645-1760 USA (800) 638-4427 or +1 (201) 573-9000
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