Business & farm

@Anonymous 

I do think you are kind of overreacting.  While it may be a surprise that you owe $500 or $600 in taxes, you will still net $1400 or so from the bonus. And TurboTax can prepare form 8919 for you, there is a question that covers this exact situation. If this requires an upgrade to a paid version of TurboTax from the free version, and you don’t want to pay the fee to use the paid version, you may be able to find other tax software that can prepare the appropriate form.  Or you can prepare your tax returns by hand. You can download all the forms and instructions, including form 8919, from the IRS website.