Client receives a military pension. It is his only source of income and has been low enough in the past few years to not meet filing requirements.
Now, the military has reviewed the pension. They say it was calculated wrong. They have given him a lump sum payment of about 50,000 to cover prior years. (much like Soc. Sec. does).
Is anyone aware of a law that would allow him to claim the money received in each prior year. (like Soc Sec)? The 50,000 in one year is a pretty good hit.
Now, the military has reviewed the pension. They say it was calculated wrong. They have given him a lump sum payment of about 50,000 to cover prior years. (much like Soc. Sec. does).
Is anyone aware of a law that would allow him to claim the money received in each prior year. (like Soc Sec)? The 50,000 in one year is a pretty good hit.
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