Nevada Unemployment

February 27th, 2007 Posted by Amelia

If you collected Nevada unemployment benefits in 2006, you should have received a 1099 form by now. What is a 1099 statement? The 1099 form is a statement of earnings that is issued to non-employees. That is a form used to record income paid to individuals who are not officially employees.

Who is not officially employed? Many independent contractors, freelance workers and other individuals who consider themselves their own boss don’t have employers. Although they might perform tasks that are payable for a company, they are usually not considered employees.

Sometimes businesses who hire such project-based temporary workers will issue a 1099 for the individual to use in filing taxes. It records any deductions made and total income paid by the employer. Normally taxes are not withheld, so the self-employed individual needs to figure and pay taxes.

Nevada Unemployment benefits are not tax exempt. If you did not work for a period of time during the course of last year and were paid unemployment benefits, you may owe taxes. The 1099 forms were dropped in the mail this January by the Nevada unemployment office for those who collected unemployment benefits in 2006. Since you received taxable income and were not considered an employee, you can use this form in figuring taxes, if you did not request for the taxes to be automatically deducted.

If you did not get your 1099 and you believe that you should have, check your address with the Nevada Department of Labor. They will check the records and mail out a new form inside of a week. If you think you were supposed to receive a 1099 form from previous years, they will also be able to provide a copy of the older forms as well.

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