Question by  sightlistener (24)

Do you have to file a 1099 form when you get paid workers comp benefits?

I was paid workers comp and need to know if I should file a 1099 form.


Answer by  epglaw (553)

It is not necessary for you to file this form. When an individual receives workers compensation, they are paid by an insurance company who will complete this form and send it to you in January of the following year for income tax reporting purposes. You should attach this form as part of your income tax reporting purposes.


Answer by  afc1968 (17)

A 1099 is sent by the person paying money, not the one receiving it. Could be for work done, interest or any of a number of other reasons.


Answer by  Kurt (4579)

You only have to report income when you RECEIVE a 1099 form. If they do not send you a 1099 form, then it is not considered taxable income for your personal tax return. The main liability to report accurately is with the payor. But make sure that they have your correct mailing address.

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