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#1
10-28-2009, 11:23 PM
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 Taxes on settlement?What is the name of your state (only U.S. law)? New Jersey but corporate office is in Virginia I recived a settlement from my previous employer for non-punitive damages. I have not worked for this company in 2years. When I recived the check I noticed that 50% of the check was taken out for tax purposes and the check was as if I was still an employee. I have no job and have zero income because I am on long term disability. No taxes should have been taken out of a settlement check and I should have received a W-9 form which I did not. What are my rights and what should I do? Last edited by applepie1; 10-28-2009 at 11:27 PM. |
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#2
10-28-2009, 11:50 PM
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| The settlement was for wages and are taxable as such. When you file your taxes next year, if too much was withheld it will be refunded like a normal tax refund.
__________________ Lawsuits are not about justice. They are about MONEY. If you don't want money, then you shouldn't be thinking about suing. And people post here because they are thinking about suing. Because they want money, no matter how much they don't want to admit that to themselves. -Auto insurance adjuster for 2 years - as of 6/15/09, I am FREE! |
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