Ask Experts Questions for FREE Help !
    okolie's Avatar
    okolie Posts: 1, Reputation: 1
    New Member

    May 8, 2013, 02:09 PM
    Are work commit and sign-on bonus checks taxable
    We are planning to pay nurses sign-on bonuses for a 3 year commitment as non-taxable wages... is that right
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,815, Reputation: 846
    Senior Tax Expert

    May 8, 2013, 02:12 PM
    ALL bonuses are taxable compensation in the eyes of the IRS. I know of no LEGAL way to report them otherwise.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert

    May 9, 2013, 12:04 AM
    You can report it as wages on W-2 or report it on 1099-misc as non-employee compensation.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

Is a daily bonus working overseas listed as per diem taxable [ 1 Answers ]

I work overseas on a 28 days on ansd 28 days off. The days I am out of the country I get a daily bonus which is listed on my check as per diem, which my co. Also holds taxes out on. I have been told per diem is non taxabl will I get this back on income tax

Bonus taxable? [ 1 Answers ]

In our dental office, if we reach a certain goal, the team gets a bonus of $100. Does this have to be taxed in their payroll or can it be a separate check? Not taxed?

Returning Sign on Bonus - How does tax returns work? [ 1 Answers ]

I am offered sign on bonus of 10000 USD. Restrictions: I get 30% if I stay 13 months with my employer. My Question: After taxes, I get around 7000K. If for some reason, I leave my employer before 13 months, I need to return all 10000, though I got only 7000 in hand. How do I go about rest of the...

Sign on Bonus Taxrepay & deducting yearly bonus from my sign on [ 1 Answers ]

I got a $5,000 sign on bonus & left the company under 1 year. They held back my $3,033 yearly bonus to deduct it from what I owed them in sign on. BUT they took taxes out of the $3033 bonus before deducting it from what I need to pay back. So they are subtracting $1817 from $5,000, saying I...

What is the tax in Massachusetts on a sign on bonus for work [ 1 Answers ]

What is the tax in Massachusetts on a sign on bonus taken out by an employer

View more questions Search