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  • Unemployment 1099

    From Stuart O. Bronstein@21:1/5 to All on Tue Sep 27 15:54:32 2022
    I received an inquiry from someone who is starting a private company
    that will provide unemployment insurance. (Yes, I know it doesn't make
    any sense. But it's not my job to question that at this point.)

    The question is, which 1099 form does he use? The only thing I can
    find on the IRS website that talks about unemployment payments is the
    1099-G, but that appears to be only for use by governmental agencies.

    Do I have it wrong? Does he use the 1099-G? Or should he use another
    form?

    Thanks.


    --
    Stu
    http://DownToEarthLawyer.com

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  • From Tempuser@21:1/5 to Stuart O. Bronstein on Tue Sep 27 19:34:43 2022
    On 9/27/22 12:54 PM, Stuart O. Bronstein wrote:
    I received an inquiry from someone who is starting a private company
    that will provide unemployment insurance. (Yes, I know it doesn't make
    any sense. But it's not my job to question that at this point.)

    The question is, which 1099 form does he use? The only thing I can
    find on the IRS website that talks about unemployment payments is the
    1099-G, but that appears to be only for use by governmental agencies.

    Do I have it wrong? Does he use the 1099-G? Or should he use another
    form?

    Thanks.


    Makes no sense to me also. As far as I can tell there are no new private policies being written by any company today. That said, the 1099-G is
    for government payments only. The only other form available that I can
    think of is the 1099-MISC Box 3 Other Income.

    --
    Alan
    https://taxtopics.net

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stuart O. Bronstein@21:1/5 to Tempuser on Tue Sep 27 21:32:46 2022
    Tempuser <tempuser@vacationmail.com> wrote:
    Stuart O. Bronstein wrote:

    I received an inquiry from someone who is starting a private
    company that will provide unemployment insurance. (Yes, I know
    it doesn't make any sense. But it's not my job to question that
    at this point.)

    The question is, which 1099 form does he use? The only thing I
    can find on the IRS website that talks about unemployment
    payments is the 1099-G, but that appears to be only for use by
    governmental agencies.

    Do I have it wrong? Does he use the 1099-G? Or should he use
    another form?

    Thanks.


    Makes no sense to me also. As far as I can tell there are no new
    private policies being written by any company today. That said,
    the 1099-G is for government payments only. The only other form
    available that I can think of is the 1099-MISC Box 3 Other Income.

    That's what I was thinking too, but I don't do returns so am not as
    familiar with all the nuances as you are. Thanks!


    --
    Stu
    http://DownToEarthLawyer.com

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)