|Date Issued:||1/5/1998||Date Last Updated:||1/5/1998|
|Bulletin Name:||New IRS Code for Payments to Attorneys|
|Section 1021(a) of the Taxpayer Relief Act of 1997 requires 1099 reporting of payments to attorneys in connection with legal services. As of January 1, 1998, all such voucher payments must have an IRS Code of "L".
Please update Volume VIII, Accounting Codes Manual, with the accompanying pages which list IRS Reporting Codes.