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<blockquote data-quote="bacha29" data-source="post: 3384049" data-attributes="member: 58386"><p>Scroll down the discussions board to the updated information. As for myself I will report it as &quot;other income&quot; . I explained in the UPDATE that based on an IRS audit guideline the potential is there for the IRS to want FICA (social security) based on the nature of the claims set forth by the plaintiffs. In the meantime I will also report under &quot;other income&quot; and wait to see what happens. Keep in mind one thing.&nbsp; You could be subject to penalty for underpayment of taxes. The penalty comes in the form of interest because you are required to have 90% of your overall tax liability payed in by the end of the calendar year. These however an exception. If you paid in during 2017 an amount equal to your 2016 lax liability the penalty is waived. Hope you are recovering well. I too&nbsp; at the advice of a qualified opinion went on SSD. Double hip joint replacement. Absolutely stunned when my first application went through in just 3 months.</p></blockquote><p></p>

[QUOTE="bacha29, post: 3384049, member: 58386"] Scroll down the discussions board to the updated information. As for myself I will report it as "other income" . I explained in the UPDATE that based on an IRS audit guideline the potential is there for the IRS to want FICA (social security) based on the nature of the claims set forth by the plaintiffs. In the meantime I will also report under "other income" and wait to see what happens. Keep in mind one thing. You could be subject to penalty for underpayment of taxes. The penalty comes in the form of interest because you are required to have 90% of your overall tax liability payed in by the end of the calendar year. These however an exception. If you paid in during 2017 an amount equal to your 2016 lax liability the penalty is waived. Hope you are recovering well. I too at the advice of a qualified opinion went on SSD. Double hip joint replacement. Absolutely stunned when my first application went through in just 3 months. [/QUOTE]

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