- 7 -
apply to any lawsuit filed by NDIRIKA to enforce this
Agreement.
GC&D timely furnished to petitioner Form W-2, Wage and Tax
Statement (Form W-2), in which it reported that during 2000 it
paid her wages, tips, and other compensation of $126,861.51 and
that it withheld Federal income tax of $16,961.36, State income
tax of $7,316.44, and employment taxes (i.e., Social Security tax
and Medicare tax) totaling $6,580.88. The amount of wages, tips,
and other compensation reported in Form W-2 that GC&D furnished
to petitioner included the two settlement payments of $93,750 and
$15,000 (settlement payments), or a total of $108,750, that
petitioner received pursuant to the separation agreement.
After having received Form W-2 from GC&D, petitioner did not
contact the firm to inform it that GC&D had improperly reported
the settlement payments as wages, tips, and other compensation in
that form.
At a time not disclosed by the record during 2000, peti-
tioner received two early retirement or pension distributions of
$66,731.45 and $21,059.02, respectively, from The Northern Trust
Company (Northern Trust) in its capacity as the fiduciary for the
Gardner, Carton & Douglas Plan. Northern Trust timely furnished
to petitioner two Forms 1099-R, Distributions From Pensions,
Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance
Contracts, etc. (Forms 1099-R). Forms 1099-R that Northern Trust
furnished to petitioner showed the following information:
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011