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Question

My company filed for bankruptcy and went out of business. All employees got a small check from bankruptcy court. I received $89.94.will I receive a 1099 form and from whom. The attorneys, the court ?

AI accountant’s answer:

Hi there! No, you will not receive a 1099 for your check. 1099s are typically only issued for payments over $600.

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Keeper Staff

Keeper is a delightfully smart tax filing software that's especially useful for people with 1099 contracting and freelance income. Our blog breaks down IRS guidance with real-world examples and analysis by tax professionals — empowering taxpayers to save money and take control of their finances.

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