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I was given a relocation bonus to start a new job. However,
I was given a relocation bonus to start a new job. However, I did not stay long and have to repay. The company paid me $7200...of which $2200 was withheld... I received $5000 on my w-2. The company wa… read more
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I received a sign on bonus last year and that income after
Hi. I received a sign on bonus last year and that income after taxes is reported on my 2018 W2. However, I'm leaving the company now and will have to pay the bonus back in full, including any taxes wi… read more
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I live in New York City and joined a company where I
Hi, I live in New York City and joined a company where I received a $400k signing bonus ($241k after tax) which was contingent on me staying for 12 months. I just left the firm and they have asked I p… read more
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As part of job offer, I received a bonus of 10K - about 6900
Hello, As part of job offer, I received a bonus of 10K - about 6900 after taxes in 2017 and an additional 11k for relocation. I left the company mid year 2017 and have been paying all monies back to t… read more
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I was given a $25000 relocation bonus to join a company in
I was given a $25000 relocation bonus to join a company in 2015. That resulted in 12,231.87 that was paid in 2015. … read more
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My employer is relocating me from chicago to san francisco.
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In 2014 my employer payed relocation (through moving
In 2014 my employer payed for my relocation (through moving service) and also provided tax assistance (pain tax on relocation coverage). In 2015 I quit my job and I had to pay back 50% of relocation a… read more
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I received a signing bonus at a new job for $20,000 with the
I received a signing bonus at a new job for $20,000 with the agreement that if I left the company before a year I would have to repay it. Ater taxes, I netted $12, 083.52. We I have decided to leave t… read more
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Hi Rubin, I am in the same boat as a question you previously
Hi Rubin, I am in the same boat as a question you previously answered. I accepted a job with the federal gov which is not working out. My lump sum relocation amount was 15k. They paid the tax on that … read more
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I receive a sign-on bonus from a new employer for $10K in Year
I receive a sign-on bonus from a new employer for $10K in Year 1 and end up having to pay it back later in Year 1 or in Year 2 within 12 months of receipt because I leave the new employer. What do I h… read more
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I recently took a job with Company A that paid me a sign on
I recently took a job with Company A that paid me a sign on bonus ($15K) and paid for a move from another city, including corporate housing and transportation for two months ($20K). I have been taxed … read more
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I joined a new company in March 2012 that was located about
I joined a new company in March 2012 that was located about 50 miles away from my residence so the company provided me with a full relocation package. I signed an offer letter agreeing with the terms … read more
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I relocated with employer A in 2011 and was paid a bonus and
I relocated with employer A in 2011 and was paid a bonus and relocation expenses. I signed an agreement to repay said expenses if I left the company within 2 years. This appeared a taxable income on m… read more
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Hi! Heres the situation... I received a signing bonus from
Hi! Here's the situation... I received a signing bonus from a new employer. The check was issued and has been cashed. Unfortunately it's not working out at the new job after only about a month, and I … read more
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Hello, I recently took a new job and had to pay back 30K in
Hello, I recently took a new job and had to pay back 30K in deductible relocation expenses for temporary housing to my ex-employer. My new employer wrote me a check for the total amount that I owed th… read more
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I had a job related relocation in 2008 and my company paid
I had a job related relocation in 2008 and my company paid the move expenses. In 2010 I had to repay my company for the cost of the move. Can I claim the expenses as a deduction on my 2010 taxes? Than… read more
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My 30 year old daughter borrowed nearly $6,000 from her 401K
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We have relocation expenses $62,000 that were added to ...
We have relocation expenses $62,000 that were added to our income for next years return and will have to pay taxes on this amount, My question is my husband may have to pay this back as he is thinking… read more
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