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    vsqzdr00's Avatar
    vsqzdr00 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 8, 2009, 07:53 PM
    Sign on bonus-refunded back to employer
    Greetings: I received a sign on bonus from an employer in 2008. The bonus was paid through payroll in 2008. I them decided to switch jobs, consequentially, I owed the sign on bonus back since I did not fulfill the two year requirement per agreement. The bonus was paid back to the employer in full. My question: How can I get credit for the sing-on with the IRS since the sign-on was paid back? I really never earned the money and it was paid back, but the amount still showed up in the W-2 for 2008. Thanks.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 8, 2009, 09:30 PM

    You received sign on bonus in 2008. When did you return it? If it was returned in 2009, then you will report it on 2009 tax return.
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