As stated, I recently received a $10,000 bonus from my employer (it was for achieving a certification that they had a bonus program for) with the stipulation that I have to stay with the company a year or pay it back. I am not certain that I am going to stay with the company for a year, and I don't want to give them the impression that I might leave at this point so I would rather not ask them all of the details about what would happen if I left.
It appears to have come with my paycheck as normal income, just a larger check this time. It looks like all normal things were withheld(taxes,401K). Even though I have a few debts (nothing that I am not taking care of) I have decided not spend the money until I know that I can keep it for good.
I am just wondering how this will affect me financially if I leave in 2018. For tax purposes, will this mean that I made that money in 2017 and have to file a 1040x for the year of 2017 because I have to pay it back and my income for that year changed? Or will this mean I just made $10,000 more in 2017 and $10,000 less in 2018? Also, since my employer matched my 401K for this income, will I have to pay that back as well? Also, does anyone know of a good way to invest this, at least until I know I can keep it?
Submitted November 11, 2017 at 10:35AM by Motivated_Throwaway1 http://ift.tt/2mhmMb2
