What is the name of your state? My residence is Texas Employer is in SC.
On Dec 31 3019 my employer gave me a retention bonus which was not agreed to. I notified them right away but haven't received any next steps after multiple attempts of contact HR and Payroll. They have not yet given me next steps.
I have a few questions:
1 - Is there a statute of limitations to repay the employer? How long do they have to ask it back?
2 - If it was in 2019 and it's now 2020, what will the next steps be? The money went to personal accounts as direct deposit and into my 401k.
3 - How does it impact Fed taxes and my 401k? There is no state tax in Texas
4 - What else would I need to know?
On Dec 31 3019 my employer gave me a retention bonus which was not agreed to. I notified them right away but haven't received any next steps after multiple attempts of contact HR and Payroll. They have not yet given me next steps.
I have a few questions:
1 - Is there a statute of limitations to repay the employer? How long do they have to ask it back?
2 - If it was in 2019 and it's now 2020, what will the next steps be? The money went to personal accounts as direct deposit and into my 401k.
3 - How does it impact Fed taxes and my 401k? There is no state tax in Texas
4 - What else would I need to know?