@Critter-3 can you elaborate on that? what would constitute a taxable event? If it shows up on the W-2 then it would count towards my taxes for the year, correct?
My main questions:
- What are the conditions under which a sponsorship doesn't have a tax impact if the amount of the sponsorship is over $5250?
- If this sponsorship requires a 100% payback to the employer if I leave before the contract term, then I would've paid taxes on the sponsored amount and I would need to pay back the gross amount to the employer. Is my understanding correct? Do I have any option to recoup the taxes paid in such a scenario?
