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IRS Warns of Unemployment Benefits Scam

Many Americans applied for unemployment benefits in 2020 due to job loss or reduced hours resulting from the COVID-19 (coronavirus) pandemic. Unfortunately, scammers also took advantage of the high number of unemployment applications to fraudulently …

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Businesses – File information returns (for example, certain Forms 1099) for certain payments you made during 2020. These payments are described under February 1, earlier. However, Form 1099-NEC reporting nonemployee compensation must be filed by …