Do you get refunded the tax you paid for the signing bonus if you have to pay back the bonus due to clawback in the offer? By the time I resign, I would’ve already filed the 2025 tax (the year the bonus was paid) and already paid the tax for the bonus.

likefunny
Posting as :
works at
You are currently posting as works at

I was sent an amended w2, which I had to use to file an amended return

like

Very helpful. Thanks.

That’s probably a question for a CPA, but it’s an interesting one.

like

We did a thought experiment on this in my tax class in law school. You shouldn’t have claimed the bonus as income until it had vested, basically.

like

I think A2 is assuming the clawback occurred the same year, in which case the employer should provide a corrected w2 (and you use that instead and don’t subtract anything on your own). If it wasn’t the same year, A2’s advice seems problematic.

like

Amend return.

But also, that clawback ain’t necessarily automatic.

like

Yup. That’s any commercial dispute. Just because a contract says “XYZ must happen”, don’t mean it does.

I believe you file an amended return and get the refund based on that.

Nope, that is wrong. Apparently you have to treat it as a deduction or section 1341 credit in the later year (assuming the clawback was not the same year as the bonus being paid). This seems like a good reason to use a CPA at least for that year.

Related Posts

Hi fishes ,

I received an offer for senior manager position in PWC .

Can you please let me know about the health insurance coverage as it is not mentioned in offer letter.

Please also inform if parents can be included in health insurance provided by PWC.

like

What is the average annual hike range in PwC advisory business unit (ex :Ops consulting) domain for different ratings?

Have been offered Senior Associate position in the same. Thanks in advance.

like

9th Sept : I observed some people get a t-shirt, cup, chocolate etc. Today in Kolkata as part of a 150 year celebration.
Simple question - is everyone getting it?

like

What's the band for PwC PwC India at Senior Associate level with 5 YOE?

like

Hi folks,What is the wfh situation in fidelity?

like

What would be the hike percentage for a new joinee who has been in Fidelity for 6 months? Grade : 4

Currently sitting on an offer for a intro/mid-level design engineer in the Raleigh-Durham Area and wanted to get an idea of the average paybands, online sites have such a large range (50k-400k) that it is hard to narrow in on a price to start negotiating

Currently, m working as analyst in security Domain from 6 months. Can anybody suggest what courses I can do to grow in security domain? Which area should I target?
Crypto, VA/PT, SOC, etc

likehelpful

Pointers for putting in your two weeks (setting up a meeting, navigating the discussion, etc)? How do you go about it in the best way?

like

Hi Fishes,

Hope everyone is doing good.

I need 11 likes to activate DM.

Thanks in advance

like

Got an offer from a restaurant chain company, not publicly traded. How can I evaluate the financial backings of the company, how long the company can sustain?

like

RSM 11/1 raises post your comp below

1. City/region
2. Level
3. Performance indicator
4. Raise at 8/1? If so how much?
5. Raise at 11/1? If so how much?

Netherlands, Eindhoven salaries for Java devs

like

Tik tokers, this is for you

Post Photo
likefunny

have an opportunity to move vendor-side (strategy) from a strat sup role on the media side. how would a move like this be perceived? long goal is to pivot to strategy at a creative agency

“Isn’t meth, like, so early 2000’s? Does anyone do that anymore?”

likefunny

Copywriters, what are your main responsibilities on a shoot? I haven’t worked on many and am never sure if I’m being helpful enough. I’m always ready to do rewrites on the spot if need be, but don’t know if there’s anything else I should be helping the team with on set.

like

ATTENTION!! I’m looking for creative directors (art and copy) to work on some pretty amazing clients with our R/GA California office. Whether you’re solo or partnered up, I want to talk to you. And if that’s not you (right now), point your friends in my direction ☺️ 👏🏾☺️👏🏾

like

I’m a copywriter in advertising, but I’m seriously considering a sabbatical to start a novel. Anyone have great resources for book building/novel structure guides?

like

Salary update for FT MBA recruiting?

MBA intern here. Has anyone heard what the FT offers are going to be this year? Target school, legacy S&O alignment. My understanding is that the GSAPers...

like

Additional Posts in Big Law

What responsibilities should a litigation associate have by their second year?

like

Junior associate. Should leave my firm and I follow a new partner in another firms’s established debt finance dept., or follow a new partner creating another big law debt finance dept. ? I’m leaving my firm no matter what, but have to chose between these two options - I’m looking for the most interesting experience !

like

Anyone have slow months where you burn through a lot of your allotted pro bono/professional development hours to keep hitting minimum daily hours? The past few weeks have been like this for me. Should I be concerned (I.e., will this reflect poorly on me, come review time? Will I have dug myself too much of a hole if I keep burning my non-billable hours?) I’ve been asking partners if I can assist in any projects so I can fill my plate, but I’ve only gotten small (4-6 hour) tasks handed my way.

like

Has anyone at GT not hit their hours in the past?

like

Lateral that just went through first bonus season with the firm. Not in a major market but workload is comparable to major markets. Surprised at how low the bonus was. I received solid reviews and my annualized hours were well above the requirement. Should I approach anyone about this? Wondering if it is worth addressing or if it could compromise my standing. Thanks in advance!

like

Anyone else getting spammed for "law firm in house/gc's office" roles and know what the deal is with that? Not really looking to do it but curiosity

like

Anyone worried about firms over-hiring? Our firm has hired a LOT of people. I know we need it now / the past year, but will this bubble pop?

likehelpful

I lateraled into a niche practice group in Sept 2021. I also have a 1 year old and have been mostly remote since I started - but have been keeping busy tracking towards 2400-2500 hours. That said getting to know people only remote has been kind of awkward at times (email only can be tough to decipher) although as a working mom the pros vastly outweigh the cons. Yesterday my main partner asked me to come in Thursday bc he will be there and set a time to meet. Is this good/bad?? kind of nervous!

like

First year associate and I may barely hit 1500 this year. Requirement is 2000, though i know first and some second years at my firm don’t hit it.

I am a in a small specialist group who has 2 partners, and they both give me work. One of them said to not worry about my hours (though they do not know how low of a number i’m projected for). Haven’t asked the other.

Should I be concerned?

like

Am I the only one whose time entries get worse the busier and more chaotic a specific case is? Like for example preparation for a dispositive hearing with a lot of factual and legal issues that’s treated like a fire drill. My time entries are chaotic and rereading at the end of the month I feel like the time was totally justified but also like wow it sounds like we were jumping all over the place and we were, lol time entries were not your typical sequential one step at a time thing.

like

Got staffed on an investigations matter and was asked to draft the letter. I added everything the senior associate said to and I still got a rewrite. I’m a mid level at a new firm, so I feel particularly awful about this. Feels like I’ll never be a good lawyer.

like

Any references for good tutoring services for the bar? Repeat taker and want to make sure I pass this time. I’ve already looked at the tutoring that barbri etc offer and I am looking for a person/service which isn’t part of a course. TIA!

like

Best firms for healthcare transactions?

likehelpful

I’m a true night-owl that begins thinking clearly about 5 PM. I often send projects out after midnight. Early morning emails and calls are an adventure. Has anyone else had to work through this issue? Fight it or embrace it?

like

About to finish my first year. I’m a specialist. Only going to hit 65% of my hours (took a 4 week vacation cause of wedding/hm).

I never say no to work and i have fantastic reviews, and the head of my practice (with whom I work a lot for) has great things to say about me.

I’ve been fully utilized starting ~June, but first few months were slow. Am i fine?!

like

Recommendations on how to simultaneously pay off student loans and invest?

like

Are pro bono hours are required or is it up to my discretion? Or if you’re in NY, are you required to do 50 hr pro bono hrs?

like

I can’t stand people that brag about how busy they are or how late they stayed up doing X. They may think they’re just complaining, but the sanctimonious tone is unbearable. I promise you, no one is impressed. You are the problem with this industry.

likesmartfunny

When the partner asks why I missed his deadline

Post Photo
likefunny

How does compensation change by foregoing partnership at a firm and going in house? I’m a 2nd year trying to understand long-term earning potential

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal