The 1099 for attorneys fees is 1099-NEC, whereas gross proceeds to attorneys from litigation belongs on 1099-MISC. U.S. payees filing a Form W-9 receive Form 1099-NEC. Read about the differences between 1099-NEC vs. 1099-MISC and W-9 vs 1099. Only trade or business payments, not ...
If you received a prize or an award worth at least $600 or if you give out a prize worth at least $600, a 1099-MISC is required/ If you were paying an independent contractor or freelancer for at least $600 in services, you would use a 1099-NEC. The individual or business receiving...