- 7 - signature on the agreement; if we have any changes to make in the agreement, we must do so by 2:30 pm today (because of my schedule). The check will be issued promptly upon execution of a W-4 by you, an event which cannot occur until I determine the exact amount of exemptions for you to claim. I am certainly motivated to make this determination ASAP; as we discussed yes- terday, your faxing to me of your last pay stub re- flecting year-to-date earnings and withholding will aid me in determining the correct number of exemptions to claim. Any delay in filling out the W-4 will delay the issuance of the settlement check, but will not delay your reporting to work, and will not delay the issuance of your first paycheck (if the W-4 is filled out prior to the end of the current pay period). Please let this letter serve as written confirma- tion that both Saul and I will be at your complete disposal to resolve the tax situation, with no charge for our time. In other words, both Saul and I will spend as much time as is necessary, with no charge to you for our time, to minimize the income taxes you will have to pay to the IRS and State for the calendar years 1986-1994 inclusive. After petitioner and a representative of the State of Maryland signed the agreement, the State of Maryland paid on a date not disclosed by the record around the end of April 1994 $170,000 ($170,000 settlement) to petitioner “less taxes due and owed to the State and federal governments based on information submitted by Deborah Messina in her W-4 Form”, as required by paragraph 7 of the agreement. Under a contingency fee agreement with Mr. Ober that petitioner and Mr. Ober signed around April 6, 1994, petitioner paid him $84,500 out of the $170,000 settlement. During 1994, the State of Maryland also paid wages totaling $24,170 to petitioner.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011