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    lanceyoung's Avatar
    lanceyoung Posts: 0, Reputation: 1
    New Member
    		  
    #1

    Jan 8, 2011, 06:23 PM
    Bonus and taxes paid not on my W2
    My employer pays a bonus every year and every year it does not show up on my w2. It is like it never existed. However I paid a butt load of taxes and I want credit for it. What can I do? Received over $13k and paid like 40% taxes and I want it shown on my taxes. Help
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Jan 8, 2011, 06:47 PM

    40% taxes? Seems a bit much for withholding.

    Could it be that the bonus is reported using a separate 1099 instead of in your W2? Otherwise it seems like... well, fraud.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jan 9, 2011, 09:23 AM

    Find out from your employer how they are reporting the bonus payment.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Jan 9, 2011, 12:28 PM

    If it is not on your W2, you can still report it,
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Jan 9, 2011, 04:55 PM
    Not only CAN you report it, legally you MUST report it. A bonus is earned income, and really should be on the W-2.
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