Questions about a settlement (1 Viewer)

[DCSaints_Fan]

Would it be possible for BigL to spread out the payments so that he gets taxed at the lower % bracket ?

 

[FullMonte]

but you can take the amount of that settlement up to 60k and gift it to your spouse and the IRS can't touch it. See, the IRS allows you a one-time-only gift to your spouse. It's good up to sixty thousand dollars. It's perfectly legal. Go ask the IRS, they'll say the same thing.

Actually, I feel silly telling you all this. I'm sure you would have investigated the matter yourself.

But if you want to ask any further questions, here's my card:

I'm fairly certain that wouldn't affect the income tax due on the funds...should there be any income tax due.

 

[RazorOye]

I'm fairly certain that wouldn't affect the income tax due on the funds...should there be any income tax due.

Shawshank Redemption is a great movie. And the novella is a quick and entertaining read.

 

[guidomerkinsrules]

I'm sure it would be considered punitive damages. I have a "pending" case against my current agency. A union rep told me they will probably offer me 300K to shut up and go away. It's racial discrimination and retaliation. This is a preliminary and very, very basic explanation of my situation.

something to think about

Missouri police officer awarded $19M in discrimination suit after being told to tone down his 'gayness'

Sgt. Keith Wildhaber sued St. Louis County in Missouri after he was told he would never be promoted because of his sexuality. He won $19 million.

www.usatoday.com

 

[Big_L]

something to think about

Missouri police officer awarded $19M in discrimination suit after being told to tone down his 'gayness'

Sgt. Keith Wildhaber sued St. Louis County in Missouri after he was told he would never be promoted because of his sexuality. He won $19 million.

www.usatoday.com

Wow...
If I get paid like that, I'll paypal you!

 

[tomwaits]

I have a structured settlement, but I need cash now...

 

[Dago]

Yeah dont go for the lowball offer.

I dont know what this is for, but it could get you blacklisted and affect your future employment

Go for the jugular

 

[Saint_Ward]

Don't you owe me money?

J.k.