Guest guest Posted March 11, 2011 Report Share Posted March 11, 2011 Moderator's Note: Lori, you and your husband need to meet with a good certified accountant. What you have going is too complicated for tax software or a corner tax filing outfit. (now on to Lori's message!) ---------------------- In 2010 I got a private disability award. The check came to me and I paid the contingency fee to the lawyer that got me the award. I'm told I have to pay tax on the $6700 I paid the attorney. Also, the insurance company didn't take enough federal tax out and no state tax. My husband has a good paying job. He paid taxes. He also does online sales that make about $8,000 a year. We have to pay on that. My husband used tax software and it appears we will pay over 50 percent taxes on my disability and over 50 percent on the business income. Now I got the social security back pay and I have to pay back the private disability out of my award, which is all of it! I have to pay taxes on money I can't keep! And already am going to pay in 2010 on the private disability money! Double taxes! Thank goodness the attorney got a check separately from social security for his fee! I'm in NW Ohio. Anyone have any suggestions? Lori Quote Link to comment Share on other sites More sharing options...
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