SUBROGATION SETTLEMENTS AND THE I.R.S.: Form W-9, Form 1099, Taxable Income, And All That Stuff
Almost any time money changes hands in America, there are tax issues. The Internal Revenue Code (I.R.C.) is over 75,000 pages long, and contains fives times as many words as the Bible. The federal tax rules and resources within the CCH Standard Federal Tax Reporter exceed 75,000 pages, enough to fill a small library. More daunting…