ODJFS recently issued 1099-G tax forms to those individuals who received unemployment benefits in 2010. On these forms is an "Instructions for Recipient" section that contains outdated instructions. Additional notices are currently being issued to ensure that all individuals receive accurate instructions.
One example of the form's outdated instructions: Box 1 indicates that recipients should "report amounts in excess of $2,400 as income on the unemployment compensation line of your tax return." Unfortunately, this tax break applied only to 2009 income taxes.
Note: The dollar amounts (as they appear in boxes 1 through 9) are accurate.
For further information, please see Instructions for Recipient.
If you have any questions about filing your 1099-G tax form, contact one of the professionals in Skoda Minotti's Tax Planning and Preparation Group by calling 440.449.6800, or visit www.skodaminotti.com.