Sexual Harrassment tax info































It shouldn't have been taxed since it was an "award". Might be wrong, but pretty sure it was tax exempt

It is definitely not Tax Exempt. I was involved in a class action in another industry, and there were some that never reported... Then recd notification from IRS owing Penalties... Make sure your accountant includes it on taxes...
 






It shouldn't have been taxed since it was an "award". Might be wrong, but pretty sure it was tax exempt

Class action lawsuit awards can be very complicated in terms of tax responsibilities. Anyone who receives a significant settlement from one, should always consult a C.P.A. and/or a tax attorney as soon as possible after receiving it. That allows for an immediate determination and payment of estimated taxes, if required, in the proper quarter. Otherwise, in addition to any possible tax liabilities, depending on the specific case and judgment, you might be facing a tax penalty for under-reporting of income in a specific quarter.
 
























Need your help... PLEASE!

If you have your pay stub from receiving the check, can you PLEASE write down the contact information on this thread.

I moved during the year and can't find the pay stub from the check.

It is obviously information I need.

Your help would be GREATLY appreciated.

Thanks!
 






Need your help... PLEASE!

If you have your pay stub from receiving the check, can you PLEASE write down the contact information on this thread.

I moved during the year and can't find the pay stub from the check.

It is obviously information I need.

Your help would be GREATLY appreciated.

Thanks!

In the same boat. All i know is administrator was Rust and their number which i found from goggle is 800 999 7940. I am going to try to get info tomorrow.