For reference, the total allocated amount was $2,700. The instructions are “The parties agree that 50% of individual settlement amounts are for alleged unpaid wages, and subject to payroll taxes to be reported on an IRS W-2 and 50% shall be allocated as penalties and interest and will be reported on IRS Form 1099.…
Hello, please note I am going to start the post with assumptions being made to avoid the discussion of issues not at hand: Regardless of your personal or professional opinion, filing both as an amateur or professional gambler will allow deducting all wagers made versus the wins regardless of if it is a land based, normal…
I received a 1099-MISC from an insurance company for a ERISA Settlement claim. The payments under the plan were tax free, and the settlement is as well. However, I received a 1099-MISC from the insurance company. How do I input this into Free Tax USA so there isn't a discrepancy with the IRS
It looks like you're new here. Sign in or register to get started.