i was only owed 3k and will be given a bonus of 10k do i have to put the bonus on the w2 form or is that like a personal injury where it is yours and no one can touch it?
Criminal Defense Attorney
Only compensation for physical injury in a personal injury case is tax free. Compensation for lost wages is taxable. Your money sounds taxable but ask the lawyer.
I am a former federal and State prosecutor and now handle criminal defense and personal injury/civil rights cases. Feel free to check out my web site and contact me at (212) 577-9797 or via email at Eric@RothsteinLawNY.com. I was named to the Super Lawyers list as one of the top attorneys in New York for 2012. No more than 5 percent of the lawyers in the state are selected by Super Lawyers. The above answer is for informational purposes only and not meant as legal advice.
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Employment / Labor Attorney
Unless it is compensation for a physical injury, more likely than not, those are taxable.
Below is the IRS link to such:
Herbert Tan, Esq.
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