1099-Misc for reimbursed attorney fees in out of court settlement

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Subject Author Date 1099-Misc for reimbursed attorney fees in out of court settlement Dan 02-10-2009
Posted by Dan on February 10, 2009, 12:46 pm Please log in for more thread options I received an attorney-assisted severance package from my former employer last year. I paid my attorney fees from my own pocket as I was billed. In the end, I received my severance package and my attorney was directly paid for my attorney fees by my former employer, and my attorney refunded the fees that I had paid. I received a W2 from my former employer for the severance amount, plus a 1099-Misc for the attorney fees. Should the 1099-Misc have gone to my attorney. Am I going to have to claim his attorney fees as income? Thanks! -- -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Deductibility of attorney fees December 17, 2009, 4:45 pm are settlement fees deductible September 10, 2009, 12:04 am Cost basis when selling a house - settlement fees and closing costs June 11, 2009, 10:16 am Received settlement for Iridium Securities Litigation settlement. IRA tax implications? November 15, 2009, 1:08 pm Lump settlement from business contract settlement December 13, 2006, 10:38 pm Entrance Exam Fees and Application Fees as Deductions 2006 January 19, 2007, 8:06 pm Tax Attorney & EA May 21, 2008, 12:40 pm Power of Attorney duties -- deductible? May 2, 2009, 4:04 pm 1st Circuit rerites Attorney-Client Privlege August 23, 2009, 5:54 pm FSA for reimbursed expense June 28, 2008, 11:54 pm