Return the sign on and relocation bonus - gross or net amount?

May 31, 2018 9 Comments

My contract says that if I leave Microsoft before a full year I would have to return relocation and sign on bonus. Would it be only the net amount after taxes or would I have to return the gross amount , so higher than I received? If the second option will the IRS return me the tax difference?


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TOP 9 Comments
  • Google MAOz16
    Gross pay, you handle the taxes on your tax return
    May 31, 2018 2
    • Uber Mack10
      May 31, 2018
    • New / Eng
      Luffy, M.D

      New Eng

      Prematurely grumpy old man
      Luffy, M.Dmore
      The taxes are a pain if you got paid in one tax year, and have to return the payment in the following year. Google "claim of right"
      May 31, 2018
  • Microsoft reddev
    Before tax, but after 6months and before 1 year, it's just 50% u need to pay.
    Jun 3, 2018 0
  • Just got the letter, left Microsoft a couple months before first year. Needed to pay 10k signon bonus in full.
    Mar 5, 2019 1
    • Google / Eng Nescafé
      How long do they take to ask for returning the bonus ?
      Aug 1, 2019
  • Wells Fargo qUyB01
    Offer letter will typically list vesting schedule of sign on and relocation
    Jun 3, 2018 0
  • Microsoft / Product @zzz
    You should definitely sing if you live more than 1 year. Shoukd recommend some songs?
    May 31, 2018 0
  • Tango Health / Eng lyub4y2
    Government? U mean IRS?
    May 31, 2018 0


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