How to file when taxpayers have incorrect or missing documents

Source: IRS Tax Tips

Taxpayers should make sure they have all their documents before filing a federal tax return. Those who haven’t received a W-2 or Form 1099 should contact the employer, payer or issuing agency and request the missing or corrected documents.

If a taxpayer doesn’t receive the missing or corrected form in time to file their tax return, they can estimate the wages or payments made to them, as well as any taxes withheld. To avoid filing an incomplete return, they may need to use Form 4852, Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, Etc.

If they receive the missing or corrected Form W-2 or Form 1099-R after filing their tax return and the information differs from their previous estimate, they must file Form 1040-X, Amended U.S. Individual Income Tax Return.

Most taxpayers should have received their documents by Jan. 31. These may include:

• Form W-2, Wage and Tax Statement
• Form 1099-MISC, Miscellaneous Income
• Form 1099-INT, Interest Income
• Form 1099-NEC, Nonemployee Compensation
• Form 1099-G, Certain Government Payments, like unemployment compensation or state tax refund
• Letter 6419, 2021 Total Advance Child Tax Credit Payments
• Letter 6475, Your 2021 Economic Impact Payment

Incorrect Form 1099-G for unemployment benefits

Taxpayers must report unemployment compensation on their tax return as it is taxable income.

Taxpayer’s who receive an inaccurate Form 1099-G should contact the issuing state agency to request a revised Form 1099-G showing their correct benefits. Taxpayers who are unable to get a timely, corrected form from states should still file an accurate tax return, reporting only the income they did receive.

If the taxpayer didn’t receive unemployment benefits but did receive a Form 1099-G for unemployment compensation, this may be a sign that the taxpayer’s identity was stolen.

More information
Let Us Help You
IRS Services Guide
Tax updates and news from the IRS

Subscribe to IRS Tax Tips


What’s Next?

Did you find this information useful? Don’t miss out! Subscribe to the Penny Forward Podcast today and stay connected to inspiring stories, innovative products, and valuable insights from the blind community and our allies. Be part of the conversation that’s changing lives—new episodes drop every other week!

Subscribe to Podcast

How Can I Help?

Penny Forward relies on supporters like you to make financial education accessible to the blind community. Your donation today ensures we can keep offering life-changing courses, counseling, and resources. Donate now through our quick and secure online form, or learn about other ways to give, like workplace giving and securities donations. Every dollar empowers someone to achieve financial independence!

Donate to Penny Forward


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Posted

in

by

Tags: