Tina J.
New Member
- Jurisdiction
- Illinois
My friend had a settlement agreement with his previous company and they are going to issue him $30K. But the company is splitting it up into 2 parts: with half of it taxed (reported on an IRS Form W2) and half untaxed (reported on an IRS Form 1099).
Why are they doing it? What's the best for him to pay less taxes so that he can negotiate on it?
Why are they doing it? What's the best for him to pay less taxes so that he can negotiate on it?