If I refuse a check from a clinical trial, will they still send me a 1099? (And report it like they gave me the check?)
Yes. You can’t “refuse” a check and avoid taxation. Once you had constructive receipt, in this case the power to pick up the check, you had the income.
Daryn said:
Yes. You can’t “refuse” a check and avoid taxation. Once you had constructive receipt, in this case the power to pick up the check, you had the income.
Even if it’s not cashed?
@Lian
Even if.
Carter said:
@Lian
Even if.
Ugh
Daryn said:
Yes. You can’t “refuse” a check and avoid taxation. Once you had constructive receipt, in this case the power to pick up the check, you had the income.
Can’t I tell them to donate it? I’m not worried about the tax, it’s that I’m on SSDI and had no idea they treat a trial like earned income.
@Lian
You can “tell” them to, but they have no obligation to follow your orders.
Carter said:
@Lian
You can “tell” them to, but they have no obligation to follow your orders.
And I’m guessing I’ll get that lovely tax form in January.
Carter said:
@Lian
You can “tell” them to, but they have no obligation to follow your orders.
And I’m guessing I’ll get that lovely tax form in January.
Or February.
@Lian
Are you sure the payment would be for a substantial gainful activity?
I don’t know of such things, but I’d think about that too. Perhaps you had some expenses to earn that money that would reduce the income below the guidelines?
@Daryn
Definitely nowhere near SGA.
But with SSDI I guess you have to report anything even if not SGA.
@Daryn
Wow, all that info is a lot to take in, and it’s confusing too.
Lian said:
@Daryn
Wow, all that info is a lot to take in, and it’s confusing too.
Perhaps you’ll find better help on the issue at:
https://old.reddit.com/r/SSDI/
Edit: A search for “clinical research payment” there came up with results. Some from people who seem to know. It’s just I don’t, so I can’t vouch for anyone.
@Daryn
Thank you for your help 