Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Tax implications of sign on bonus repayment
[ 1 Answers ]
I signed an offer letter in California that included a $12,000 sign on bonus. If I leave before 1 year, I will owe the full $12,000. I paid about $5,200 in taxes on the sign-on bonus. These taxes were taken out of my first paycheck with the company. It has been eight months, and I feel that...
Offer Letter Sign-On Bonus
[ 2 Answers ]
I accepted employment at a company that gave me a $30,000 sign on bonus to compensate for forfeiting a semi-annual bonus at my last company. The offer letter stated that if I left prior to 2 years of service that I have to pay back in full. (Employment is in California) If I have already paid...
Repayment of Sign On Bonus
[ 1 Answers ]
I received a $5,000 sign on bonus. With taxes and everything taken out I received $2872.50. I haven't cashed the check and will be returning it within a month or so of my hire date, which is still in the same fiscal calendar year. My question is this do I have to pay back the $5,000 or can I just...
Repayment - Sign On Bonus Repaid
[ 5 Answers ]
I had sign-on bonus $5000 received ($3500 after tax) in 2005 and I left my job in 2006 that I repaid $2370 back to the company. According to IRS Pub. 525, I should be able to claim the repayment back. The following stated repayment clause: Repayments If you had to repay an amount (less than...
Sign on bonus repayment
[ 1 Answers ]
I have to repay my sign on bonus because I resign from my job before I had completed 1 year of employment. My sign on bonus was $5,000 gross and $3,217.5 net after tax (which I received). My company asks me to pay back $4,617.5. I don't understand why I should reimburse more than the net I have... View more questions Search
|