emcdermo
Sep 5, 2007, 02:37 PM
I got a $5,000 sign on bonus & left the company under 1 year.
They held back my $3,033 yearly bonus to deduct it from what I owed them in sign on.
BUT they took taxes out of the $3033 bonus before deducting it from what I need to pay back. So they are subtracting $1817 from $5,000, saying I owe them $3,383.
Should they be subtracting the Net Bonus, if I'm not actually getting paid that amount? I don't understand why I'm being taxed on money I'm not paid?
What should I do? It seems like it would be better if I kept these transaction completekly separate.
Can I have them capture the -$5,000 in my W2s? If not, what documentation do I need at tax time to get this captured.
Thanks in advance!
They held back my $3,033 yearly bonus to deduct it from what I owed them in sign on.
BUT they took taxes out of the $3033 bonus before deducting it from what I need to pay back. So they are subtracting $1817 from $5,000, saying I owe them $3,383.
Should they be subtracting the Net Bonus, if I'm not actually getting paid that amount? I don't understand why I'm being taxed on money I'm not paid?
What should I do? It seems like it would be better if I kept these transaction completekly separate.
Can I have them capture the -$5,000 in my W2s? If not, what documentation do I need at tax time to get this captured.
Thanks in advance!