Yeah, I'd consider that in the large category.

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Jan 25, 2023
1:39:05pm

IdahoCoug CB A.I. Expert

Yeah, I'd consider that in the large category.

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IdahoCoug

Bio page: IdahoCoug
Joined: Mar 14, 2001
Last login: May 23, 2024
Total posts: 13,208 (508 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

1/25/23 12:04pm

Wish I would have gotten that commission. Sounds like a cool company.

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.

1/25/23 12:34pm

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