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Roger
Roger, Attorney
Category: Business Law
Satisfied Customers: 31025
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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I am getting a lump sum settlement from my past employer from

Customer Question

I am getting a lump sum settlement from my past employer from a mediated claim. The settlement mentions a w2 form and a 1099 for taxation. Will I get both or one or the other?
Submitted: 1 year ago.
Category: Business Law
Expert:  Roger replied 1 year ago.
Hi - my name is ***** ***** I'm a Business litigation attorney. Thanks for your question. I'll be glad to assist.
A W-2 is issued for wages from an employer, so it is not likely that you'd get a W-2 unless the employer considers the money paid as being wages.
A 1099 reports income OTHER THAN wages....which is usually what settlement proceeds would be considered.
Thus, you should only get one of the two UNLESS the settlement is made up of wages (W-2) and damages other than wages (1099).

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