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Get your taxes done using TurboTax
Hey so I got those same codes on a message I didn't understand here is what it said. My question is what does this letter mean in normal talk and do i need to file my taxes now to report these earnings to the irs? Or what do i do please help me out ok here is the copied and pasted message i recurve after trying to renew a claim after a pause in filing weekly claims due to going back to work from 12/01/2020 to 12/23/2020
●☆☆☆message☆☆☆•This is important tax information and is being furnished to the Internal Revenue Service. If you are required to
file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS
determines that it has not been reported.
Statement for Recipients of Pandemic Unemployment Assistance Payments during 2020.
Unemployment Compensation: $3906.00 ATAA Payments: $ 0.00
Federal Income Tax Withheld: $246.00 Account No.: 14978708
State Income Tax Withheld: $0.00
Notice to Recipient
The Revenue Act of 1978 requires the payers (Department of Economic Security) to report unemployment
compensation payments of $10 or more. Payers must file Copy A of Form 1099-G with the Internal Revenue
Service and must furnish Copy B of the form to the person receiving the payments by January 31 of the
following year.
The totals above show the unemployment compensation paid to you this year from this payer and the amounts
you elected withheld for federal and state income tax. The unemployment compensation represents taxable
income to you. For more information, see the instructions for your Federal income tax return.
The State and Federal ID numbers are as follows:
State ID #07-506284E
Federal ID #86-0369595
Please someone or multiple people help me out to get this fixed. Now from what I understand the begging what it says here some info about me I plan on filling for taxes for what I collected last year in unemployment and for what I worked I did pay about half of my taxes but halfway through I declined to have then take takes on the only 100dollars I was receiving after funds lastly ran out so I do plan on paying that back but the other reason I stopped paying taxes is cuz EVERY year that I file my taxes on that year I have worked and played my taxes automatically out of my paycheck well at the end of year I always get all my fed and state taxes back so in your opinion am I going to be in trouble this year or something or do you think it will all work itself out if I just go ahead and file or I guess report earnings aka to the irs?
January 24, 2021
4:38 PM