PREPARATION
Junior Member
undefinedWHISTLEBLOWER REWAR - AN INCOME? What is the name of your state? CALIFORNIA
A FRIEND OF MINE RECEIVED A REWARD FROM THE GOVERNMENT RESULTING FROM A MEDICARE FRAUD OPERATED BY A HOME HEALTH AGENCY. THREE YEARS HAD LAPSED AND THIS FRIEND RECEIVED JUST LAST WEEK AN AMOUNT OF $3 MILLIONS. THE QUESTION IS THIS REWARD TAXABLE? WILL THE LAW OFFICE GOING TO ISSUE HER FEDERAL FORM 1099? THE FULL AMOUNT OF REWARD BECAME CONFIDENTIAL AND UNKNOWN TO THIS FRIEND.
IF TAXABLE, WHAT WILL BE THE HIGHEST PERCENTAGE BOTH FOR THE FEDERAL AND STATE OF CALIFORNIA. IF THE AMOUNT OF REWARD IS DISTRIBUTED AMONG TO VARIOUS FRIENDS, WHAT IS THIS PERSON'S OBLIGATION TO THE GOVERMENT AT THE END OF THE CALENDAR YEAR.
A FRIEND OF MINE RECEIVED A REWARD FROM THE GOVERNMENT RESULTING FROM A MEDICARE FRAUD OPERATED BY A HOME HEALTH AGENCY. THREE YEARS HAD LAPSED AND THIS FRIEND RECEIVED JUST LAST WEEK AN AMOUNT OF $3 MILLIONS. THE QUESTION IS THIS REWARD TAXABLE? WILL THE LAW OFFICE GOING TO ISSUE HER FEDERAL FORM 1099? THE FULL AMOUNT OF REWARD BECAME CONFIDENTIAL AND UNKNOWN TO THIS FRIEND.
IF TAXABLE, WHAT WILL BE THE HIGHEST PERCENTAGE BOTH FOR THE FEDERAL AND STATE OF CALIFORNIA. IF THE AMOUNT OF REWARD IS DISTRIBUTED AMONG TO VARIOUS FRIENDS, WHAT IS THIS PERSON'S OBLIGATION TO THE GOVERMENT AT THE END OF THE CALENDAR YEAR.