Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Anyone out there familiar with 26 CFR Parts 31 & 602 which apparantly now obligates beneficiaries of nonqualified pensions to pay medicare tax up front for the life of their pension. I retired 2+ years ago with such a plan and am now being hit with an immediate monster tab for medicare taxes based on the value of the total payments (the company says) I can expect to receive.....20 years out!!!! Company sent a corrected 1998 W-2C to the SSA with the numbers. Is this all correct? Thanks
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.