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re: Lump sum? How is it issued?
Posted on 1/12/16 at 4:21 pm to Topwater Trout
Posted on 1/12/16 at 4:21 pm to Topwater Trout
quote:
I thought federal was 39.6
It is, but they only withhold 25% from the distribution. The winner would be responsible for paying more in taxes than what is withheld.
Posted on 1/12/16 at 4:23 pm to Booyow
quote:
The winner would be responsible for paying more in taxes than what is withheld.
that is how you mess up by not having a cpa
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