Okay,
I just got the official word from them:
Any amount paid back for payments in 2008 will not be included on your 2008 W2. IRS regulations will not allow us to back out income and recoup taxes on wages paid in a prior calendar year. The repayment $5K must be handled separately on...
This is what one of my friend who is in finances recommended - with the same disclaimer since he is not an actual accountant either. I think this is my best bet - though I should see an accountant just to confirm.
$2400 is definitely a small price to pay for my happiness- there was no way I was going to be sticking it out for another 11 months. I've been out of college for about 5 years now so, I'm not sure how much I'll get back.
Okay I posted this in my own thread but, maybe there are tax gurus looking at this thread more that can help me out. Thanks:
I recently accepted a job that gave a $5000 signing bonus. 1 month into the job, I realize that the position is not for me and am going to move on. I know that I have...
I only started a month and I knew right away that it wasn't worth staying there. I felt like I was doing a mindless job. I am not questioning paying them back the full amount. I am just wondering if I just totally lose out on $2300 or if there's any way I can get that back from the government...
Okay, so its my last week.... and it seems like my company issued my bonus in 2007 since it showed up on my 2007 W2's. I now have to pay back the company the full 5000. I asked them if it should be reflected in my 2008 W2's and they said NO. Does this make sense???? My 2007 W2 will report...
I live in Southern California so I have state tax as well and yes I was just estimating. I can't remember the exact numbers but it was close to half of the bonus. Contract says that I have to pay back the bonus if I leave less than a year but wasn't very specific whether it was gross or net pay.
I recently accepted a job that gave a $5000 signing bonus. 1 month into the job, I realize that the position is not for me and am going to move on. I know that I have to pay back the signing bonus but I only received $2700 after tax.
Do I have to pay back the $2700 or the entire $5000? I...
I have one computer on my home network that is having trouble sharing files. My other computers can ping the computer but, cannot see any of the share folders or the computer itself. Usually I can see the computer if I type in \\computer_name in My Computer but I can't in this case.
I...
I'm trying to install my ATI AIW X800XT TV drivers and windows keeps asking for BDAplgin.ax. I can't seem to find this file on my drive or my installation cd. Does anyone happen to have this file? I'm running WinXP SP-2. Thanks.
I just bought a 2nd linksys router because i was not getting full coverage within my house. I'm having problems getting my laptop to connect to my 2nd router.
So far i have set up the first router to have an ip set of 192.168.0.1XX and my second router to have an ip set of 192.168.0.2XX...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.