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    #1

    Wal-Mart Settlement

    Has anyone had a Client that has received both a W2 and a 1099 from the Wal Mart settlement that is deceased before 2016?


    How are you reporting the income,If you filed a final return for them when the passed away in 2014 or 2015, and the W2 and 1099's are for 2016 ?



    Any advice?
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    #2
    IRD. Who received/cashed/deposited the checks? Follow the money. If the estate, then 1041, even if you thought it was closed. If a beneficiary, then IRD on that 1040. Probably some legal opinions out there since Wal-Mart's a big company. Google. Wal-Mart employee relations web site. Use your free question at NATP. How much money are you talking about? Does the recipient have legal fees to report?

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