2010 TAX ALERTS!

Federal

Schedule M & Economic Recovery Payment

Social Security Benefits (SSB) or Supplemental Security Income (SSI) recepients may have received an economic recovery payment in 2010. Prior to filling out line 10 of Schedule M Making Work Pay, call 866-234-2942 or check here to verify if the taxpayer received it or not.

Substitute Form W-2 or 1099-R

Taxpayers who are unable to obtain a Form W-2 Wage & Tax Statement or Form 1099-R Distributions from Pensions, Annuities, or IRAs must file a Form 4952 Substitute for Form W-2 or Form 1099-R Statement with their Federal return.

 

State

1099-G Withholdings

Form IT-1099-UI Summary of Unemployment Compensation Payments must be submitted with the New York State return for taxpayers with State withholdings from Form 1099-G.