A) There seems to be a misunderstanding. Here’s why:
- Student-athletes typically don’t qualify for unemployment benefits: Being a student-athlete usually doesn’t meet the criteria for unemployment. Unemployment benefits are for people who have lost their jobs through no fault of their own and are actively seeking new employment.
- Tax bill for unemployment benefits: If you received unemployment and it wasn’t reported to the IRS, you might get a tax bill. However, the amount seems very high for a student-athlete.
Here are some next steps:
- Contact the IRS: It’s best to reach out to the IRS directly to understand the reason for the tax bill. They can be reached at 1-800-829-1040.
- Review your tax documents: Double-check your tax return and any related documents for 2021. See if there’s anything related to unemployment benefits you might have missed.
- Look for scholarship documentation: Some scholarships might be reported as taxable income. Check your scholarship paperwork to see if this applies.
Here’s why you might not have applied for unemployment:
- Financial aid: Financial aid packages often have restrictions on outside income, including unemployment benefits. Applying for unemployment might have jeopardized your scholarship.
- NCAA rules: The NCAA might have restrictions on student-athletes receiving benefits outside of their scholarship package.
If the IRS confirms it’s an unemployment benefit mistake, explain the situation as a student-athlete with scholarship limitations.
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Our job is to answer your questions and provide information that will guide you through the process of getting your Unemployment Benefits while finding your next job.
I received an IRS tax bill showing I received unemployment benefits for the year of 2021. I was a student athlete during this time, and not able to work due to restrictions as a scholar/athlete. The bill was for $32, 920. I am asking for any information that show that I applied for any unemployment benefits
A) There seems to be a misunderstanding. Here’s why:
Here are some next steps:
Here’s why you might not have applied for unemployment:
If the IRS confirms it’s an unemployment benefit mistake, explain the situation as a student-athlete with scholarship limitations.
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About The Author
admin
Our job is to answer your questions and provide information that will guide you through the process of getting your Unemployment Benefits while finding your next job.