We filed our taxes earlier this year and we received a refund. We were just recently notified that my husband has to pay back relocation cost (due to him leaving-long story). They gave him a total of $9,750, but they withheld the taxes. A total of $6,298 was deposited to our bank account after taxes were taken out. They are now demanding we pay the total ($9,750) back within the next 30 days. How do we handle this from the tax side? We are not going to be able to pay that money back right away, definitely not almost $10,000! Do we have to pay the entire $10,000 back before we can amend it and get that difference back or can we go ahead and amend it and put that money towards paying back? No one is giving us a straight answer and we aren't sure what we are supposed to do next. This impacts our income by $10,000 for last year, which is going to change what our refund would have been. Anybody know??? Thanks!
posted
last updated
May 31, 2024
9:08 AM
