They are saying he has to pay tax on severance based on it being earned over a 17 year career. This is the answer from kpmg but I don’t agree with them. So I am
asking if anyone else has better advice.
They say tax each year from 2004 forward.
But a friend in tax mentioned to me NY safe harbour rule which says NY should only the last 3 active years of severance pay, so 2018 forward. Which would mean he was not physically present in NYS those years and not owe taxes on the payout. That’s $8,000 reasons why I want to know if anyone else had dealt with this situation. I’d be a fool to just trust kpmg alone. They have made errors in the past
