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I have been collecting unemployment, and started an unpaid internship. I was awarded a stipend from the internship but they need me to fill out a W9 and will mail me a check. If I collect this, will I still be able to claim benefits? How do I account for the stipend when claiming benefits?
If the stipend is treated as income your weekly benefit amount will simply be reduced, but possibly only by half of the amount you are making. Unless its a full-time internship, in which case you will probably lose all benefits because you can't be searching for fulltime work very well if you are working fulltime already. But each state is different, you need to talk to your state unemployment office.
I have been collecting unemployment, and started an unpaid internship. I was awarded a stipend from the internship but they need me to fill out a W9 and will mail me a check. If I collect this, will I still be able to claim benefits? How do I account for the stipend when claiming benefits?
In ny if the stipend is more than 504 a week you cannot collect ….ny cuts your unemployment based on hours you are working or consumed whether paid or not . The stipend is considered your pay
Up to 5 hrs is no reduction .
6-10 is a 25% cut
11-20 hours is a 50% cut
21 -30 75% cut
31 or more no unemployment
The crazy thing is the cuts apply only to the state unemployment, the 300 federal gets no cut .
But 504 is the max you can receive in pay or stipend and then you get nothing
If you earn 505 you lose every penny including the federal just for that one buck
Last edited by mathjak107; 05-06-2021 at 04:37 PM..
I'm going to ask a different question. The OP brought up the W-9 form. It is my understanding that this form is not filed with the IRS. Isn't it just for the company, or whichever entity involved, to prove that they asked for his SS or Taxpayer ID number? Is, or should, the OP be afraid to fill it out? This form doesn't have anything to do with them reporting the amount they paid, right? That gets reported a different way anyway. The OP seems like he is worried about filling it out, but there seems to be no reason to be concerned. Right?
I'm going to ask a different question. The OP brought up the W-9 form. It is my understanding that this form is not filed with the IRS. Isn't it just for the company, or whichever entity involved, to prove that they asked for his SS or Taxpayer ID number? Is, or should, the OP be afraid to fill it out? This form doesn't have anything to do with them reporting the amount they paid, right? That gets reported a different way anyway. The OP seems like he is worried about filling it out, but there seems to be no reason to be concerned. Right?
They report the stipend on a 1099- misc or even a w2..it can be reported both ways.but it is reported
That's what i meant. He has noc reason to fear filling out a W-9 since it will all be reported anyway. The problem is not the W-9. The problem is getting paid and trying to avoid reporting the money. The only way is to not get paid more than he is allowed to earn.
That's what i meant. He has noc reason to fear filling out a W-9 since it will all be reported anyway. The problem is not the W-9. The problem is getting paid and trying to avoid reporting the money. The only way is to not get paid more than he is allowed to earn.
Yes , the w9 is not the reporting document on his end .it is on theirs .
It is also a case of the reductions in unemployment here based on hours not just an amount .
There are two moving targets ..going over 504 a week is one .
The other is you are only allowed up to 5 hours of work pay or no pay with no reduction and then it follows the reduction schedule until it is phased out at 31 hours.
Once your hours are consumed and not able to earn more than the 504 they take money off your unemployment….unemployment here is based on a four day work week so that is why at 31 hours you get nothing
Last edited by mathjak107; 05-08-2021 at 05:46 AM..
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