So when I accepted the VRSP and received my pay out I was heavily taxed. Then to add insult when I received my W2 my severance was also included in there as well as if I had worked for the company longer then I had. Therefore taxed twice on the payout and not just once. Horrible company.
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I had a H&R Block handle my taxes and I was also double taxed on the VRSP. H&R Block said there was no way around it and they should know. Of course yes if I did my taxes myself I would get a large refund Lol but I am not going to mess with the IRS.
Do your tax returns. I rec'd the VRSP and am getting the largest refund of my lifetime!
You deduct the taxes you already paid when you file. You can’t be taxed twice.
I don't think you have a solid grasp on how taxes work. The company withholds taxes as required by law. The company has absolutely nothing to do with the total amount of taxes you ultimately owe.