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Wage loss payment & Taxes
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Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49169000 added 04-10-2012 11:10 AM by rebat in Archived Deals
The payment was for wages lost in 2010 and 2011. For other claims in 2010 (not wage related) they never sent any W2 or any tax doc for that matter and i would doubt they would for this. If they don't...
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49161622 added 04-10-2012 6:57 AM by zzyzzx in Archived Deals
It's probably a safe bet to just add that amount you whatever is on your W2 and just fill out your tax forms that way. Otherwise you risk getting another form later from them or a corrected W2 from...
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49169760 added 04-10-2012 11:32 AM by zzyzzx in Archived Deals
Then I think you are pretty safe not putting it on your taxes as income.
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49163360 added 04-10-2012 8:13 AM by rebat in Archived Deals
I don't think my employer will send an updated W2. What form should I expect from the company which paid me out on the "wage loss" claim?
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49163374 added 04-10-2012 8:13 AM by zzyzzx in Archived Deals
Another, separate W2.
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49160216 added 04-10-2012 5:43 AM by afratki in Archived Deals
Definitely earned income. Without knowing all the details, I'd say miscellaneous income subject to SE tax.
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49157346 added 04-09-2012 11:36 PM by rebat in Archived Deals
So I have a few months of wage loss claims that I got paid out on. I got this money from a 3rd party, not my employer. I didn't receive any tax documents from the company that sent the check for the...
Wage loss payment & Taxes
Expired
Thread created 04-09-2012 by rebat
0 Score 7 Replies 1,343 Views
Post #49169258 added 04-10-2012 11:18 AM by komondor in Archived Deals
no it seems it was an insurance claim which is not taxable as far as I know if you have a policy to pay you if you are sick 500.00 a week and they do it is not wages so no w-2

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