In 2019, my employer reimbursed $8,866.91 for my grad school. I'm leaving the company before the 1-year stay requirement is up so I have to pay back all $8,866.91 now in March 2020. The breakdown of the tuition is $5250 tax free, and $3616.91 taxable. The company already issued a W2 but I have not file my 2019 tax return yet. What would be the best course of action I should take?
1. Ask the company to reissue a W2 since I'm paying all of the reimbursement back and have not file my tax return yet (not sure if it is possible)
2. File the 2019 tax return now, and file an amendment later (this process takes so long and I would have to pay more taxes so I'd prefer not doing this)
Please advise. Thank you!!!
