The Oregon Dept. of Employment Security urges every person who collected benefits in 2006, to check their tax records. You should have received a form 1099 from the state by now, listing all unemployment benefits paid and any taxes withheld. If not, contact the Dept. of Employment Security immediately.
If you or someone you know has ever been laid off, you know how challenging it can be. Although it happens to nearly every employee at some point in his or her career, losing your job is not an easy experience. The government has provided us with a program that can deliver income during this time of crisis. That is called unemployment insurance.
Filing for unemployment can be done in person and sometimes online. Details about the company, length of time with the company and reason for separation will be asked. It can be a lengthy process depending on the situation. One of the requirements to receive the benefit is to be in active pursuit of work. This is so that the people who truly want to work but are having a hard time can be helped.
By the middle of February, Oregon unemployment collectors should have gotten a 1099 form. The statements were sent out in late January. The Oregon Department of Labor should be contacted if that form is not in hand. The 1099 details the income and deductions from unemployment benefits. Thousands of people in the state collected unemployment in 2006, totaling over $111 million in benefit payments.
The Oregon Dept. of Labor wants benefits obtainers to be reminded that unemployment is taxable. If the deductions were not taken from unemployment checks automatically, it is the recipient’s responsibility to pay the necessary taxes on the money. To file the unemployment income along with regular income taxes, the 1099 is provided. It is easy to forget about the taxes on this benefit. This is especially true of those who may have only gotten payments for two weeks.