View Full Version : I haven't claimed all money made while unemployed. Should I do it in one lump sum?
tre1711
Dec 21, 2014, 05:17 AM
Unemployment and 1099 didn't claim all money made
joypulv
Dec 21, 2014, 05:20 AM
Please take an extra minute to explain what you mean. If you are filling out a 1040, and you don't show both, they will get you with taxes, penalties, and interest, but it will take as much as 2 years to sock you with a huge bill.
AtlantaTaxExpert
Dec 21, 2014, 08:15 AM
Even if there is no paper trail, you are legally obligated to report ALL earned income on your tax return.
Fr_Chuck
Dec 21, 2014, 08:18 AM
If you earned money, while unemployed, it is a serious crime, not to have claimed it, when receiving unemployment.
Are you receiving tax records on these incomes?