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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 116791
Experience:  JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
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I received 46,000 from a profit sharing fund at work when I

Customer Question

I received 46,000 from a profit sharing fund at work when I quit my job there! I did not know I had to save money back for taxes, penalties so now after its too late I have no !money left to pay taxes!!! Help...what can I do! I am a 57 young woman married with my husband still working! I thought if I filed married but separate it would not be such a burden for would be on me! HELP!!! PLEASE!!!
Submitted: 6 months ago.
Category: Legal
Expert:  Law Educator, Esq. replied 6 months ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
You cannot really change the situation by filing married filing separate. Unfortunately, you are asking one of those questions to which there is no good answer for you. You received the money, you have 4 months to put the money together to cover the taxes and penalties. You do not have to file your taxes and pay them until April 15, so that is 4 months to try to find the money for payment. I wish there was another legal answer for you, hut there simply is not.
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