Ask Experts Questions for FREE Help !
Ask
    mmclaney's Avatar
    mmclaney Posts: 2, Reputation: 1
    New Member
     
    #1

    May 9, 2012, 10:14 AM
    Received lump sum of social security money. Do I pay taxes at end of year?
    I received lump sum of social security money for disability.do I pay taxes on the money at end of year
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    May 9, 2012, 11:19 AM
    How much is the lump sum?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Pay taxes on lump sum [ 5 Answers ]

I rolled over my pension to an IRA in which I know wasn't taxable. Later in the year I took out a lump sum amount. I live in NY. I am over 65. Do I have to pay federal and state taxes on that money?

Tax debt and social security lump sum payments [ 5 Answers ]

My husband and I owe roughly 14,000.00 in back taxes. He became totally disabled in 2005,up to that date and to the present I have been under an agreement with the IRS that I was unable to make monthly payments due to economic hardship,but was in agreement that they would keep any income tax I was...

Back pay received for 2007, 2008, 2009 should I do a lump sum for 2009 [ 1 Answers ]

Received Social Security Back Pay in lump sum for 2007, 2008 and 2009. Should I amend 2007 & 2008 or should I include all on my 2009 return deducting the fee I paid out for lawyer. My wife was on unemployment all year 2009, I have 2 small pensions.


View more questions Search