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Printable Form 1099-S Wisconsin: What You Should Know
What is an Unemployment Tax Return? Unemployment Insurance is a federal program that pays unemployment benefits. It is administered primarily through the state. Wisconsin has no unemployment income tax. Unemployment benefits are paid from the state's unemployment fund and are taxable as compensation for work. You may need to contact your employment records office for the last three years of wages for taxes paid in Wisconsin, or a copy of your W-2 if you have filed for unemployment insurance in 2024 as required by your state of unemployment. Unemployment Insurance can be paid monthly, quarterly, semimonthly, etc. Your state may have an additional administrative fee. You can check with your local employment information office or call your employment records office. How do I file for unemployment insurance tax? Wisconsin requires all employers and some employees on public assistance programs to submit the required Forms W-2 and 1099-MISC to receive unemployment benefits. This may apply to self-employed persons such as individuals or sole proprietorship. Wisconsin is a payment nation, so some of your wages are subject to additional state sales taxes which may be higher than the income tax due. It is important you pay income tax on any additional wages you receive. Please complete Forms W-2 and W-3 when they are due. The forms are available online by going to my.unemployment.Wisconsin.gov. Enter your Social Security number and pay the due. You pay tax at the time the payment is received, even if you file or report in-person with the payer on that date. What if I have a credit card or an advance payment from me employer? Do NOT use these forms to report on 1099-MISC. Use them to pay employment taxes. IF I have over 2,500 in wages paid to me this year, how do I file? Report to the IRS on Form 1099-MISC, Annual Withholding for Wage and Tax Information, even though you will usually only pay 1,000 or less, due to the extra state tax. If you pay yourself (the person to whom you make your payments), you must use Form 1099-MISC. You do not need to file as a sole proprietor or an employee, depending on how you report these earnings. Report to the IRS on Form 1099-MISC, Annual Withholding for Wage and Tax Information, even though you will usually only pay 1,000 or less, due to the extra state tax.
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