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you can usually reduce the taxes you owe by spreading out the back pay for the years that it is for. in other words you can file so that all of the backpay isnt for 2012, it can be applied to 2011, 2010 etc for whatever years it covers.
http://www.irs.gov/publications/p915/ar02.html http://www.irs.gov/publications/p915...blink100097893 |
thanks for the links :)
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When I received my back pay and it was a decent amount, they didn't take any taxes out.
Once I got my letter it was about 3 weeks before it was in my acct. Once you see the deposit, it will be a 1000lbs off of your shoulders. Good luck and Keep your head high :grouphug: |
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