Rebecca from California
๐ค SpeakerAppearances Over Time
Podcast Appearances
The judge required it, unfortunately. Interesting. I know.
So because the judge basically said, well, you benefited from the income while you were married. So you are both jointly and severally liable and you have to file together. It was very, very frustrating.
So because the judge basically said, well, you benefited from the income while you were married. So you are both jointly and severally liable and you have to file together. It was very, very frustrating.
So because the judge basically said, well, you benefited from the income while you were married. So you are both jointly and severally liable and you have to file together. It was very, very frustrating.
Through the divorce, he is obligated to pay 60%, and I'm obligated to pay 40%. And that's kind of part of the question is, should I just try to pay the $40,000? No, he's not.
Through the divorce, he is obligated to pay 60%, and I'm obligated to pay 40%. And that's kind of part of the question is, should I just try to pay the $40,000? No, he's not.
Through the divorce, he is obligated to pay 60%, and I'm obligated to pay 40%. And that's kind of part of the question is, should I just try to pay the $40,000? No, he's not.
Correct. The IRS will not acknowledge that. Exactly. They don't have to. If I pay the $100,000, I can take him back to court and sue him for that portion.
Correct. The IRS will not acknowledge that. Exactly. They don't have to. If I pay the $100,000, I can take him back to court and sue him for that portion.
Correct. The IRS will not acknowledge that. Exactly. They don't have to. If I pay the $100,000, I can take him back to court and sue him for that portion.
Or... i know and honestly i it wasn't until i called a smart investor pro because i started saving for a house and i had my emergency fund i was saving for a house and um your smart investor pro was like no no girl you got to go back to step two you have to deal with this yes you got to deal with it so how much money do you have laying around So I have $55,000.
Or... i know and honestly i it wasn't until i called a smart investor pro because i started saving for a house and i had my emergency fund i was saving for a house and um your smart investor pro was like no no girl you got to go back to step two you have to deal with this yes you got to deal with it so how much money do you have laying around So I have $55,000.
Or... i know and honestly i it wasn't until i called a smart investor pro because i started saving for a house and i had my emergency fund i was saving for a house and um your smart investor pro was like no no girl you got to go back to step two you have to deal with this yes you got to deal with it so how much money do you have laying around So I have $55,000.
Part of that was money that I got from my son passing away, and part of that is money we saved.
Part of that was money that I got from my son passing away, and part of that is money we saved.
Part of that was money that I got from my son passing away, and part of that is money we saved.
Hey, how are you guys? Sure, what's up? Hey, so I have a bit of a problem. I never thought this was going to happen. So in 2018, my father passed away, and he left me and my brother a 401k plan. Fast forward five years, I got a check in the mail this morning for about $245,000. The original account balance was about $300,000.
Hey, how are you guys? Sure, what's up? Hey, so I have a bit of a problem. I never thought this was going to happen. So in 2018, my father passed away, and he left me and my brother a 401k plan. Fast forward five years, I got a check in the mail this morning for about $245,000. The original account balance was about $300,000.
Hey, how are you guys? Sure, what's up? Hey, so I have a bit of a problem. I never thought this was going to happen. So in 2018, my father passed away, and he left me and my brother a 401k plan. Fast forward five years, I got a check in the mail this morning for about $245,000. The original account balance was about $300,000.
And what's happening is they gave me the check, and I have to pay the IRS that $55,000 difference from the $300,000 of the $245,000. I called them and asked them if they could roll it over, and they said once they issued the check, there's nothing that can be done. Who told them to issue the check? Not me. Apparently, the company my father worked for, I didn't read.