Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Alexander vs. Fedex Willis vs. Fedex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="dvalleyjim" data-source="post: 3353267" data-attributes="member: 36471"><p>My settlement check was made out to me. I no longer have a business or corporation. I was sent a 1099 misc marked "other income". I do not have to pay and social security or medicare taxes. I will have to claim it as income on my 2017 Federal and State taxes. No way around it. You can't really amend you returns past 3 years. You can try all these things and get audited, then go to tax court. I 1099'ed my employees but that was way over 10 years ago (statute of limitations). I just payed the taxes and it really depressed me for a week because was almost my yearly income. I can't think of any good way to get around it. I guess if you still have a business you could write off more stuff.</p></blockquote><p></p>
[QUOTE="dvalleyjim, post: 3353267, member: 36471"] My settlement check was made out to me. I no longer have a business or corporation. I was sent a 1099 misc marked "other income". I do not have to pay and social security or medicare taxes. I will have to claim it as income on my 2017 Federal and State taxes. No way around it. You can't really amend you returns past 3 years. You can try all these things and get audited, then go to tax court. I 1099'ed my employees but that was way over 10 years ago (statute of limitations). I just payed the taxes and it really depressed me for a week because was almost my yearly income. I can't think of any good way to get around it. I guess if you still have a business you could write off more stuff. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Alexander vs. Fedex Willis vs. Fedex
Top