Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

AjayNampally
Sep 22, 2007, 11:35 AM
I am offered sign on bonus of 10000 USD.
Restrictions: I get 30% if I stay 13 months with my employer.
My Question: After taxes, I get around 7000K. If for some reason, I leave my employer before 13 months, I need to return all 10000, though I got only 7000 in hand.
How do I go about rest of the 3000, which I paid in taxes? Is there any procedure to get my 3000 back on tax returns?
AtlantaTaxExpert
Sep 22, 2007, 01:13 PM
The bonus IS taxable income, so you may not get it all back.

The $3,000 withholding will be reflected on your W-2.