Sandra Sue .... going to hazard a guess here.
They withheld probably 10 or 25% for Federal taxes, depending on the size of the check versus what they would have paid you in a normal week.
The "form" you will receive for the IRS is probably a W-2. It will show what you were paid and the amount of withholding. You will put those two figures on your tax return. Depending on your bracket, the tax they withheld will either be enough for the taxes or you may have to pay a little.
This is earned income, wages, so they probably also withheld Social Security. It is the same as what you would have gotten and the taxes you would have paid if they had done it right to begin with.
So congratulations on getting the settlement, and don't worry about the taxes. They would not have withheld anything that would not have been withheld from a regular paycheck.
Time to build a bigger bridge.
Edited 1 time(s). Last edit at 05/02/2015 05:42PM by dspeakes.