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I live in NJ and recently got divorced and a qdro is being
I live in NJ and recently got divorced and a qdro is being processed. I would like the lump sum payment and my tax bracket is currently 4 with 3 minor children and will file as head of household for c… read more
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Hello, My wife is being laid-off from her job at the end of the month and is getting a lump sum bonus check and severance pay for 12 weeks. Would "either" of these checks be taxed at a higher rate tha… read more
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I earn $164,000.00 a year in income, this year I'm receiving
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I just recently received a settlement of $173,000. How much
I just recently received a settlement of $173,000. How much of that will be taxed if I live in the state of NY?… read more
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My husband was off this week. His employer is offering
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I was recently off and was given a severance package.
I was recently laid off and was given a severance package. The HR contact mentioned the severance package will be taxed the same as a bonus since I will receive one check for both the severance and co… read more
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My former employer will be offering a choice between receiving
My former employer will be offering a choice between receiving my pension in lump sum or monthly annuity payments. I believe that if I take the lump sum option my income tax liability will be much hig… read more
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If I sell my business for 1.1 million and the asset portion
If I sell my business for 1.1 million and the asset portion of the sale is 600,000 with the other part 500,000. What kind of tax liability would I have? Could I offset the taxes by investing in real e… read more
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would it be to my advantage to receive a lumpsum rather than
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i make 100000k a year, single, no dependents, own no home...
i make 100000k a year, single, no dependents, own no home... i've also gotten an additional one lump sum this year of 100000k on top of that, as my "bonus" for the last five years of service after the… read more
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Hi and thanks in advance for any help, I am just laid off
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I am going to be receiving a 60K sign on bonus next week. I
I am going to be receiving a 60K sign on bonus next week. I need to know if there is a way to have the least amount of taxes taken out of this lump sum check. Pennsylvania taxes. Would like thelargest… read more
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What are the tax consequences of a retired employee ...
What are the tax consequences of a retired employee (60) electing to take all of his nonqualified deferred compensation plan (409A) in one lump sum, as opposed to over a period of time?… read more
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On a severance pay , what is more advantageous lump
On a severance pay , what is more advantageous: lump sum distribution, quarterly or yearly distribution? What any of the terms means? will the tax be the same on either method used for deductions? I w… read more
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I am trying to understand whether to take a lump sum ...
I am trying to understand whether to take a lump sum payment from my employer or be paid the sam amount over 6 months. Payroll is indicating that a lump sum would be taxed at supplemental rates, leavi… read more
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My employer pays us our vacation checks in one ...
My employer pays us our vacation checks in one lump sum. As of Jan. 1 2006 the federal government started taxing this as a bonus. My company was aware of this change since 2004 but failed to inform th… read more
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