Discussion:Wage bonus repaid in following yr
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| Revision as of 16:43, 18 March 2008 Treypeterson (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 17:52, 18 March 2008 PostingFromWork (Talk | contribs) (The employer wou) Next diff → |
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| {{ForumNewPost|UserID=Treypeterson|Date=18 March 2008|Text=If an employee receives a signing bonus, $10K, net $7K, in 2007 and must repay the bonus because he quit in 2008, how does the employer report the repayment to the employee?}} | {{ForumNewPost|UserID=Treypeterson|Date=18 March 2008|Text=If an employee receives a signing bonus, $10K, net $7K, in 2007 and must repay the bonus because he quit in 2008, how does the employer report the repayment to the employee?}} | ||
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| + | {{ForumReplyPost|UserID=PostingFromWork|Date=18 March 2008|Text=The employer would either report it as a a recovery of a tax benefit item, or as other income, on the appropriate schedule or form. | ||
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| + | The employee would report it as either a 2% misc deduction or as a §1341 credit.}} | ||
Revision as of 17:52, 18 March 2008
Discussion Forum Index --> Basic Tax Questions --> Wage bonus repaid in following yr
Discussion Forum Index --> Tax Questions --> Wage bonus repaid in following yr
Treypeterson (talk|edits) said: | 18 March 2008 |
| If an employee receives a signing bonus, $10K, net $7K, in 2007 and must repay the bonus because he quit in 2008, how does the employer report the repayment to the employee? | |
PostingFromWork (talk|edits) said: | 18 March 2008 |
| The employer would either report it as a a recovery of a tax benefit item, or as other income, on the appropriate schedule or form.
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