Identity Thieves Collect Unemployment — Victims Get Tax Bills
Identity Thieves Collect Unemployment — Victims Get Tax Bills"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
By Katherine Skiba En español Published February 03, 2021
An 85-year-old woman in Boulder, Colorado, was upset and unnerved by a notice that she received in the mail on Jan. 27. It was a government form stating she received $2,322 in unemployment
compensation last year.
"Never in my life — never” had she sought or received jobless benefits, the woman tells AARP (she spoke on the condition that she would not be named). A professional who retired more than 25
years ago, in 1995, she would never dream of seeking unemployment benefits during her golden years. Astonished that a bogus application in her name was approved, she says having her
identity stolen left her sick to her stomach, gave her sleep troubles and made her stressed about what calamity involving her financial accounts could be next.
She is, unfortunately, part of a massive group of Americans whose identities were hijacked in 2020 by criminals filing fake claims for unemployment.
Form 1099-G shows certain governmentpayments including unemployment compensation. Getty Images
What's next is critical: Victims are urged to tell officials in their states that they need a revised Form 1099-G, which lists amounts paid in unemployment and the federal income taxes
withheld on these payments. In Colorado a victim can do so using an online form to report an invalid 1099-G to the state Department of Labor and Employment.
The Internal Revenue Service (IRS), in a Jan. 28 announcement, made these key points:
States send Form 1099-G to both the taxpayer and the IRS to show what taxable income the states issued. Unemployment benefits are taxable.In cases of identity theft, a corrected Form 1099-G
showing zero unemployment benefits will help taxpayers avoid an unexpected federal-tax bill for unreported income. Those who are unable to obtain a timely, corrected form from their state
should still file an accurate tax return, reporting only the income they received.
Trending News
Identity Thieves Collect Unemployment — Victims Get Tax BillsBy Katherine Skiba En español Published February 03, 2021 An 85-year-old woman in Boulder, Colorado, was upset and unn...
Jason kelce’s wife, kylie, reveals who won’t be at super bowl 2024 cheering on travisEXPLORE MORE The entire Kelce family won’t be present at the 2024 Super Bowl to watch Travis Kelce and the Kansas City C...
How kate, duchess of cambridge dazzled courtiers with special traitKate, the Duchess of Cambridge has steadily become one of the most admired and popular members of the Royal Family since...
A global call to arms | NatureA seminal report on climate change deserves the world's attention. It is fitting that Nicholas Stern, a British civ...
Cathode region of a vapour arcABSTRACT THE total potential across a short arc discharge is normally a few tens of volts, and the cathode and anode fal...
Latests News
The beatles: john lennon had his songs altered by yoko onoJohn Lennon led a lot of the creativity and artistry in The Beatles while the band was still together. While the Fab Fou...
Tom Cruise : Latest News, Videos and Photos on Tom Cruise - India.Com Newsclick this icon for latest updatesclick this icon for latest updatesMeet Avneet Kaur, rumoured girlfriend of star India ...
‘plenty of imaginative play’ aldi shoppers love £60 garden specialbuyAldi shoppers are obsessed over one of the supermarket’s newest Specialbuys. Sure to be loved by kids, it’s already sell...
Holidaymakers 'wasting' more than £100m on debit and credit chargesA study by Thomas Cook found that more than a third of people use their regular payment cards abroad but half do not kno...
Justine bateman’s aging face and why she doesn’t think it needs ‘fixing’__WELL HELLO! A version of this article also appeared in the_ _IT’S NOT JUST YOU__ newsletter._ _Sign up__ here to recei...