2007-03-13 13:48:11 · 5 answers · asked by ADAM H 1 in Business & Finance ➔ Careers & Employment
100%. Copies of all 1099s, and unemployment information are sent to the IRS. It will be reconciled by computer and you will get caught.
2007-03-13 14:01:22 · answer #1 · answered by Lisa A 7 · 0⤊ 0⤋
If you get any kind of 1099, then a copy of it has already been sent to the IRS, so your chances are fairly close to 100% of "getting caught" (?) since most auditing is automated these days.
Why would you not want to pay taxes you owe? Or want to collect unemployment when you aren't actually unemployed?
The potential downside for either of these activities FAR outweighs any possible benefit...
2007-03-13 13:55:24 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You will get caught, it will just be in a matter of time. I got laid off many many months ago from a job. I recieved 3 unemployment(after waiting like 2 months) checks. During my 2nd and 3rd check I got a job and sure enough the 4th week it was already cut off and they were tellilng me I owed them for the excess benefits. My friends who also got laid off at my previous employer, had benefits for months until they finally got caught. Try it if you want, but the more benefits you take while employed, the more you will owe. And you will have to pay them back before you can recieve benefits again.
2007-03-13 13:55:55 · answer #3 · answered by Truly Unique 2 · 0⤊ 0⤋
Your odds of getting caught are pretty good. Most unemployment claims allow you to earn money on the side, they just take out what you have earned from your unemployment. You should report what you make.
2007-03-13 13:56:12 · answer #4 · answered by zeebarista 5 · 0⤊ 0⤋
ALL ARE REPORTED TO IRS...
2007-03-13 13:55:44 · answer #5 · answered by cork 7 · 0⤊ 0⤋