Amount paid back to employer is taxable?

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Mar 21, 2007, 04:04 PM

srikanth_9939

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Join Date: Mar 2007

Posts: 1

Amount paid back to employer is taxable?

During 2006, i was working for a company on H1B visa. I have an agreement with that company that if i leave the company before 2 years i have to pay around $6000 for my H1B visa processing, lawyer expenses and travel expenses. And i left the company in April 2006 by paying $6000. This amount is not reflected in my W2 form. Can i claim this amount as tax deductable? If yes, under which catageory i can claim? Thanks in advance

Answers

Mar 23, 2007, 09:55 AM	#2

AtlantaTaxExpert Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 9,787	Yes, you can claim these as employee business expenses. However, after the 2% of AGI floor and itemized deduction floor are applied, you may not get much benefit from it. You file Form 1040NR and claim it using Form 2106 and the Schedule A in the Form 1040NR tax package.

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