ivyjenson
Mar 3, 2007, 12:13 PM
Can I have my sign on bonus given for 2006 tax year even though I started working January 8th, 2007?
I don't like how my $5000 sign on bonus reads: 10% simple interest if I do not stay 3 years, payable upon termination, and that if they took me to court I may have to pay their court costs. I was not given relocation expenses. The person that hired me and my recruiter say that hospitals don't usually ask for the money back. Should I sign or how should I ask the terms to be changed?
If I take the $5000 sign on bonus tax wise what is the best thing to do with it?
1. Pay off my $5000 student loan?
2. Put it in a 401(b) or other investment?
3. Have it given for 2006 tax year since my income was $0?
4. Have a percentage of it paid per year or per month?
I don't like how my $5000 sign on bonus reads: 10% simple interest if I do not stay 3 years, payable upon termination, and that if they took me to court I may have to pay their court costs. I was not given relocation expenses. The person that hired me and my recruiter say that hospitals don't usually ask for the money back. Should I sign or how should I ask the terms to be changed?
If I take the $5000 sign on bonus tax wise what is the best thing to do with it?
1. Pay off my $5000 student loan?
2. Put it in a 401(b) or other investment?
3. Have it given for 2006 tax year since my income was $0?
4. Have a percentage of it paid per year or per month?