![]() You may also place a fraud alert on your credit file and consider freezing your credit. Getting a copy of your credit report and flag any fraudulent transactions with any of the three major credit reporting companies ( Equifax, TransUnion or Experian).Asking credit-card companies, banks and other financial institutions to put a fraud alert on your account.Changing passwords on e-mail, bank and other personal accounts.Filing a police report and keeping a copy to show to creditors and credit agencies.There are other measures potential identity-theft victims are encouraged to take, per the Georgia Department of Labor. The PIN prevents someone else from filing a return with the taxpayer's Social Security number. Those who are concerned their personal information has been stolen and want to protect their identity when filing their federal tax return can request an Identity Protection PIN from the agency. ![]() These affidavits are only required if the taxpayer's e-filed return is rejected because a return using the same Social Security number already has been filed, according to the IRS. Taxpayers don't need to file an Identity Theft Affidavit with the IRS for an incorrect 1099-G, according to the agency. The IRS issued guidance to states in late December notifying them not to send 1099-Gs to individuals deemed to have been identity fraud victims, which should reduce the number of affected individuals. "You tend to want to get that corrected form from the state." ![]() "At the end of the day, it's very difficult to get the IRS to agree an item isn't taxable when they have a form saying it's taxable income," D'Addio said. Otherwise, the IRS may not have updated information at hand and may inquire about a discrepancy. Taxpayers should also continue to request a corrected tax form even after filing, he said. In other words, they should only report the income they received and not the unemployment benefits reported on the 1099-G.īut they should consider explaining in a footnote to their tax return that they received a 1099-G in error, said Michael D'Addio, a principal at the accounting firm Marcum who's based in New Haven, Connecticut. Taxpayers unable to get a corrected form by the time they file their taxes should still file an accurate return, according to the IRS. Thirty-four states will ring in the new year with notable tax changes, including 15 states cutting individual or corporate income taxes (and some cutting both). Personal Loans for 670 Credit Score or Lower 34 states have 2024 state tax changes taking effect on January 1st, including state income tax changes and state business tax changes. ![]() You must include this form with your tax filing for the 2023 calendar year. Benefits paid to you are considered taxable income. Personal Loans for 580 Credit Score or Lower This tax form provides the total amount of money you were paid in benefits from NYS DOL in 2023, as well as any adjustments or tax withholding made to your benefits. Best Debt Consolidation Loans for Bad Credit ![]()
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