Nice Paycheck...maybe

[sas276]

I've filed chap 7 no asset case and my case was closed in jan 07. today i received an inquiry from a staffing firm I used a few years ago. they have a freelance opportunity for me to interview for a contract that would pay around $12k. would this check be reported to the irs or cause a red flag on my case when i deposit it and do i have to disclose this paycheck to the trustee even though my case is closed?

[HHM]

If you filed chapter 7 and your case is "closed", you have no further obligations vis-a-vis your bankruptcy. You bankruptcy is over. As for the IRS, I suppose, if this is a legitimate outfit, the money would be reported as income to the IRS and therefore you would need to deal with it when you file your taxes for tax year 2007.

[NoName]

All contractors by law should receive a 1099 form to file with their taxes at the end of the year. You will need to consult a CPA or tax attorney in your area to see how much of that $12K you need to withhold for tax liability.