Alaska Unemployment
February 26th, 2007 Posted by AmeliaThe Alaska Unemployment office sent 1099 statements in January to those who received unemployment benefits last year. This statement includes the total amount paid and any deductions, tax or otherwise, made to the benefits. This is the same form that companies use for records of services rendered by people other than regular employees, such as independent contractors or casual labor.
In addition to those who received unemployment benefits, there are others who may get 1099 statements mailed to them. Anyone who offers personal professional services for a business may also be issued a form.
The W-2 is required to be issued by employers to all employees. Anyone who works for a company should get one of these forms at the beginning of each year. All taxes withheld for the year are recorded on this document. When taxes are filed, this information is used to calculate overpayment and the amount of refund. It may also show that more taxes need to be paid.
If you do not have an employer, your income is subject to taxes, including unemployment benefits. Independent contractors, for example, need to report income minus business expenses and pay taxes accordingly. A self-employed individual with a high income will be required to make quarterly estimated tax payments throughout the year as money comes in. You may be issued a 1099 for tasks performed for a company that hired you on a project basis, and does not consider you an employee. This can assist in calculating total income.
In Alaska, 1099 forms have already been issued. If you were unemployed for any period of time and claimed your benefits, the form should be in hand at this time. If not, your address may be incorrect and you should contact the Alaska department of labor. The period for a reissue is typically one week.
Last 10 posts by Amelia
- Colorado Reduces Minimum Wage in 2010 - November 20th, 2009
- New Law Expands FMLA and NDAA for Military Families - October 30th, 2009
- California Approves Exempt Salary Reduction - October 16th, 2009
- 3 New Illinois Laws - October 9th, 2009
- New Definition of Disability - September 25th, 2009
- E-Verify Regulations - September 18th, 2009
- New USERRA Regulations - September 2nd, 2009
- E-Verify News - August 26th, 2009
- New Tennessee Workers’ Compensation Law - August 19th, 2009
- Louisiana Minimum Wage - August 3rd, 2009
RELATED LINKS
POPULAR POSTS
