We are planning to pay nurses sign-on bonuses for a 3 year commitment as non-taxable wages... is that right
We are planning to pay nurses sign-on bonuses for a 3 year commitment as non-taxable wages... is that right
ALL bonuses are taxable compensation in the eyes of the IRS. I know of no LEGAL way to report them otherwise.
You can report it as wages on W-2 or report it on 1099-misc as non-employee compensation.
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