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Old 01-26-2011, 06:04 AM   #1
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Ugh. Time to pay taxes on the back pay

I am grateful that I was approved but now it's time to pay the piper. Dh started to do the taxes last night. Big payment is going to be required. It would be even more if we ammended our taxes for the last 3 years. And unfortunately DS needs to pay taxes for last year. His isn't that bad and we'll pay it from our savings so we don't have to touch the backpay for him since we put the entire amount in savings for him. Good news is it isn't state taxable so we will still get a refund from the state. Except that our state still owes over 70 thousand people their refunds from last year.

 
Old 01-26-2011, 09:53 AM   #2
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Re: Ugh. Time to pay taxes on the back pay

i know - i worry about having to do that too..
a friend of mine got approved for ssdi early last year. he had a pro tax service do his return..they said he only had to report the part of the backpay for that year (2009).. i suggest paying what it cost to get it done by a tax service.. that is what i will do once i am approved..

 
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