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pegasus2017
pegasus2017 asked in Business & FinanceTaxesUnited States · 1 decade ago

taxes on unemployment benefits?

I used form 1099 to enter my benefits on my tax return. So now I can consider those taxes paid? I don't have to do anything else?

5 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    http://www.irs.gov/taxtopics/tc418.html

    You should be fine.

  • annazzz1966
    Lv 6
    1 decade ago

    You should have entered any unemployment benefits on a certain line on your tax forms because it's not considered ordinary income. After that, they should have been a box about income tax witholding regarding those benefits.

    You might want to have a professional look at your tax return to get it amended soon. Not paying enough in taxes can get you into a big mess with the IRS.

  • peppermintpatty
    Lv 5
    1 decade ago

    Sounds like you have your affairs in order and hopefully the IRS will not correspond with you in 5-7 years. Hope you got some money back.

  • Judy
    Lv 7
    1 decade ago

    As long as you entered the u.c. info on your tax return and filed it, there's nothing else you need to do

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  • buddywadams
    1 decade ago

    If I understand the question .... then no there is nothing else to do.

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