HR Block make a big mistake on our taxes last year, and just sent us a check for ~$12,000 as a settlement. It just occurred to us that this may be taxable income, and result in us getting a 1099 form next year that we'll have to pay tax on. HR Block is being less-than-helpful in answering this simple question. (They suggested we speak to someone knowledgable about taxes, which we found amusing.)
So, does anyone have experience with any sort of settlement from a large company, and whether or not it resulted in a 1099 the following January?
2007-02-12
04:05:59
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3 answers
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asked by
Anonymous
in
United States