Cujo5209
Level 1
03-07-2022
08:45 AM
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Total award was comprised of 2 parts. Part 1 on the W2 shows the Wage portion of the award which is what is used to calculate withholding taxes for income purposes Part 2 on the 1099 on box 3, other income reflects the non-wages/damages portion of the award. I was told. No Withholding Taxes were withheld from the 1099 non-wage/damages portion of the award. What I searching is possible tax reduction, any possible avenue to pay less taxes,