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Saturday, February 04, 2012 |
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Unemployment benefits are taxable income under both federal and Minnesota state law. No later than January 31, 2012, applicants who received unemployment benefits, will be mailed an IRS Form 1099-G showing the total benefits paid (regular and extended benefit payments) on their account for the prior year and all federal and state income taxes withheld. This form will be sent to your last known address as of December 31, 2011. Note: Even if you have stopped requesting benefits, it is important that you verify the address listed on your account to make sure it is correct. If you have a P.O. Box for your address be sure to verify that the address line contains the text "P.O. Box". Verify and update your address online or by calling the automated phone.
Accessing Year End Tax Information Starting in early February 2012, you will be able to print a duplicate copy of your IRS Form 1099-G form from your account. Overpayments The amount on IRS Form 1099-G does not include any overpayments or adjustments to your account, it only shows payments made to you. The instructions on your federal tax forms explain how to make adjustments for repayments. If you need assistance or information to prepare your taxes, contact the Internal Revenue Service, visit the Minnesota Department of Revenue Web site at www.taxes.state.mn.us, or check the government section of your local phone directory for phone numbers.
Federal and State All federal income tax related questions should be directed to the Internal Revenue Service at www.irs.gov or 1-800-829-1040. State income tax related questions should be directed to the Minnesota Department of Revenue at http://taxes.state.mn.us/individ/pages/index.aspx or 651-296-3781. |
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