Federal Tax, Tax

Scam Alert: Unemployment Benefits

With tax season well underway, the IRS warns taxpayers to remain on guard when it comes to security. Be especially mindful, says the IRS, of scams involving unemployment benefits. Many states have reported a surge in fraudulent unemployment claims filed using stolen identities. Unemployment benefits are taxable income and are reported to recipients on Form 1099-G (Certain Government Payments). If you receive a false or inaccurate 1099-G or other mail about such benefits, act quickly to protect yourself. You’ll need to contact the state that issued the form or notice and, if applicable, request a corrected 1099-G. Here are details about reporting the fraud. For questions, contact Cg. © 2022