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Jan 25, 2023
12:36
:16
pm
Blue for Life
All-American
Wish I would have gotten that commission. Sounds like a cool company.
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Blue for Life
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Blue for Life
Joined
Nov 27, 2006
Last login
Jun 21, 2024
Total posts
16,500 (653 FO)
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Messages
Author
Time
Has anyone gotten a large sales commission before? Any tax advice?
4slyce
1/25/23 11:40am
There is no special tax on a large commission. If you are asking about the withholding, work with them to figure
Baron
1/25/23 11:42am
Have your company pay it out as part of payroll
BigTex
1/25/23 11:43am
It doesn’t matter in the long run. But you can change withholding
Nat Gas Man
1/25/23 11:44am
All the time...
ordinary tri guy
1/25/23 11:46am
You will quickly discover what a progressive tax system means
Nat Gas Man
1/25/23 11:51am
What do you mean by large?
IdahoCoug
1/25/23 11:53am
Not the OP but just reminded me of it. My company sells B2B payment products, and has 4 different sales teams. One does
Clark Addison
1/25/23 12:04pm
Wish I would have gotten that commission. Sounds like a cool company.
Blue for Life
1/25/23 12:36pm
Yeah, I'd consider that in the large category.
IdahoCoug
1/25/23 1:39pm
When the large commission check is paid, I have my company temporarily change...
Bexell_Hall
1/25/23 12:15pm
Most companies take out 25% of commissions as that is what the IRS recommends.
Blue for Life
1/25/23 12:34pm
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