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The Watercooler
Good news...I guess
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<blockquote data-quote="GoingNorth" data-source="post: 280270" data-attributes="member: 1963"><p>TM. Yeah. I knew about the tax issue and yes, I do have to pay taxes on the back pay as well as the monthly payments being taxable income..</p><p></p><p>I do intend upon speaking with an accountant to make sure the back pay taxes are covered. I can have income taxes taken out of the monthly payment and plan on doing that as well as paying for my portion of Medicare and the like.</p><p></p><p>It is funny that one of the things I am looking forward to is being able to buy proper food. I haven't been able to afford fresh, whole foods for years and my health has suffered as a result.</p></blockquote><p></p>
[QUOTE="GoingNorth, post: 280270, member: 1963"] TM. Yeah. I knew about the tax issue and yes, I do have to pay taxes on the back pay as well as the monthly payments being taxable income.. I do intend upon speaking with an accountant to make sure the back pay taxes are covered. I can have income taxes taken out of the monthly payment and plan on doing that as well as paying for my portion of Medicare and the like. It is funny that one of the things I am looking forward to is being able to buy proper food. I haven't been able to afford fresh, whole foods for years and my health has suffered as a result. [/QUOTE]
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