Hi all
I received severenace pay from my last company, they transferred the full amount direct to my bank and now there is no paperwork. It's not included in their W2 they sent, no 1099Misc.
What is the best way to report this in my tax return? I have put it in the Misc Income not reported on W2/1099 so seems logical but wanted to double-check.
Also what is the repercussions for the employer not reporting this pay - if any?
Thanks, Greg
