Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / aldrich-settlement-tax-treatment-memo.docx
aldrich-settlement-tax-treatment-memo.docx
Parties
HARKNESS LLP
Aurelius Media Americas Inc
Aurelius Global Media Group PLC
NovaPay Solutions Inc
Long-Term Inc
Dates
January 12, 2024
January 19, 2024
September 5, 2017
August 1, 2020
January 10, 2024
October 14, 2022
January 1, 2022
January 31, 2025
February 28, 2025
March 31, 2025
Amounts
$2,350,000
$1,057,500
$485,000
$970,000
$225,000
$178,125
$168,750
$87,500
$1,000,000
$220,000
Obligations
Under IRC § 3402, AMA is required to withhold federal income tax from the wage component at the time of payment
Because the $1,057,500 wage payment alone exceeds $1 million, AMA must withhold at 37% on the amount exceeding $1 million — i
AMA must also pay the employer share of 6
AMA must also pay the employer share of 1
Under IRC § 3102(f), AMA is required to withhold the additional 0
Because the $1,057,500 wage payment exceeds $200,000, AMA must withhold the additional 0