Employer provided Incentive with Clawback clause Hi,
I work for an employer who has decided to give me an incentive of $ to stay with my company with the clause in it that if I leave anytime in 2 years I owe all the money back. My employer will take out taxes now when they give me the money and record the total income addition on this years W2. They likewise insist if I leave, I owe them a check for the entire amount.
My question is what happens if I decide to leave my employer under 2 years to my stated income and can I go back and restate my 2015 income to a lower number and thus recoup the taxes paid as well?
Any insight, I just don't know if I can make my income go down, and refile my taxes from a prior year or what.
Thanks .... Chris |