It’s tax time! This means it’s time to meet with your tax preparer, but it also means that scammers are on the prowl and at Christianson, we want to give you the information you need to protect yourself. According to the Minnesota Department of Revenue, scammers have started filing fraudulent claims for unemployment compensation using stolen personal information with respect to 1099-G.
- Contact Minnesota Unemployment to report possible unemployment insurance fraud
- Request a revised 1099-G showing you did not receive unemployment benefits
- Keep the revised document for your records
If you cannot get a corrected 1099-G before filing your tax return, you should only report the income you received.
What if I get a legitimate 1099-G?
File as you normally would. Unemployment compensation is taxable income and should be included in household income.
A legitimate 1099-G should include any of these:
- Minnesota Unemployment Insurance benefits
- Federal Pandemic Unemployment Compensation ($600 a week)
- Lost Wages Assistance Program payments ($300 a week)
We encourage you to stay vigilant and when in doubt, contact your CPA. We’re here to help!