Due to the increased unemployment amounts being paid out during 2020, there was an uptick in identity theft related to unemployment benefits. If you receive an erroneous Form 1099-G reporting unemployment benefits you should contact your state unemployment agency to get a corrected form showing $0 paid in benefits.
For more information, check out the Journal of Accountancy article detailing this information or IRS News Release 2021-24.
Contact your accountant with any questions and remember to follow us on LinkedIn to stay up-to-date on all of our posts.
Contact your accountant with any questions and remember to follow us on LinkedIn to stay up-to-date on all of our posts.
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