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Old 03-11-2016, 11:44 AM  
sarettah
l8r
 
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Join Date: Oct 2002
Posts: 13,873
Quote:
Originally Posted by Rob View Post
He thought they already took the taxes. He didn't realize he would be taxed again.
He did not get taxed again. The amount they withhold at the time they give out the check is an approximation. You never know the actual final number for taxes until you do the paperwork.

Best bet for him (imho) is to do a loan against the house. Yeah, he'll have a house payment again but he will be out of trouble with the taxman.

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