I am asking this for someone who has to submit their income tax info to IRS in October (asked for an extension back in April). This individual received a form from IRS saying that over $5,000 was issued to him for unemployment compensation. This person only received in total, checks totaling about $550 for unemployment benefits. When filling out his income tax for 2021, which is due this October, how does he handle this? He doesn't want the IRS thinking he received this $5,000 amount in full, when only a small portion of the unemployment benefits was received. Does he claim the $5,000 total on his income tax form? This was the reason he didn't submit his tax information when it was due in April. He tried calling various places for some kind of answers, but had no luck...thus, he filed for an extension.
Any help with this matter would be greatly appreciated. Thank you.
