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The Watercooler
Feeling a bit homicidal, is that bad?
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<blockquote data-quote="Star*" data-source="post: 327152" data-attributes="member: 4964"><p>Um......</p><p></p><p>If your salary is normally taxed for the month - and it's in the bank that's done. </p><p></p><p>If you normally get your bonus and it's never been taxed? That's a precedent. </p><p>If you can go to him and say "Look every year prior you have set a precedent with me and not taken taxes out of my bonus and now all of a sudden you have? I guess I need to call someone." THAT could get him in ALL kinds of hot water with the IRS. Audit is a very ugly word. </p><p></p><p>If he's always TAKEN taxes out on bonuses which you are supposed to do - then this should not be a surprise to anyone, but MOST employers that I've ever worked for will pony up and pay the taxes FOR you. Example: I'm supposed to get a $1000.00 bonus. I will figure out that the taxes are 238.00. I will cut the check to myself for $1000.00 but claim in on the IRS reporting sheet as 1238.00 and the co. pays my portion and their portion. </p><p></p><p>I'm sorry Jo - no one should be THIS stressed over a nice bonus thing. </p><p></p><p>mmmm is that wine you are drinking sugar free? How's that going?</p></blockquote><p></p>
[QUOTE="Star*, post: 327152, member: 4964"] Um...... If your salary is normally taxed for the month - and it's in the bank that's done. If you normally get your bonus and it's never been taxed? That's a precedent. If you can go to him and say "Look every year prior you have set a precedent with me and not taken taxes out of my bonus and now all of a sudden you have? I guess I need to call someone." THAT could get him in ALL kinds of hot water with the IRS. Audit is a very ugly word. If he's always TAKEN taxes out on bonuses which you are supposed to do - then this should not be a surprise to anyone, but MOST employers that I've ever worked for will pony up and pay the taxes FOR you. Example: I'm supposed to get a $1000.00 bonus. I will figure out that the taxes are 238.00. I will cut the check to myself for $1000.00 but claim in on the IRS reporting sheet as 1238.00 and the co. pays my portion and their portion. I'm sorry Jo - no one should be THIS stressed over a nice bonus thing. mmmm is that wine you are drinking sugar free? How's that going? [/QUOTE]
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Feeling a bit homicidal, is that bad?
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