jayzeedl
Apr 16, 2006, 04:43 PM
Hi,
I am currently at school in Illinois. In summer 2005, I interned at a firm in New York City. After my summer, the firm offered me a job (that I accepted) and the terms include a healthy signing bonus. Thus my W2 shows a consolidated number that includes my stipend for the summer and my signing bonus.
However, my firm did NOT deduct any state taxes from from my wages.
I was wondering if it is possible to exclude the signing bonus from the NY State wages since it is not related to any service I performed in NYC (other people who did not intern got the same bonus when they got offers). The firm itself is global. This would save me a lot of money in taxes.
Thank you for your help!
I am currently at school in Illinois. In summer 2005, I interned at a firm in New York City. After my summer, the firm offered me a job (that I accepted) and the terms include a healthy signing bonus. Thus my W2 shows a consolidated number that includes my stipend for the summer and my signing bonus.
However, my firm did NOT deduct any state taxes from from my wages.
I was wondering if it is possible to exclude the signing bonus from the NY State wages since it is not related to any service I performed in NYC (other people who did not intern got the same bonus when they got offers). The firm itself is global. This would save me a lot of money in taxes.
Thank you for your help!