Legal Question in Business Law in Georgia

Sign on bonus repayment

I left a job early that I had taken a

sign on bonus. I owe company A the

sign on bonus, however the company

has been bought out by company B.

They are asking me to pay company

B. I have already paid taxes on this

money. They say that they will ''key

in a reversal'' which will adjust this

year's taxes. My question is two fold.

1: Can a company that did not pay

me a bonus require me to pay it

back? 2: If so, will they be able to

adjust my w-2 even though I have

never been an employee of company

B?


Asked on 11/06/08, 10:01 am

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Sign on bonus repayment

Companies buy other companies (or their assets and/or liabilities) all the time, and that does not mean that people who owe the company that was purchased get out of the debt. No one here knows the details of your company. Ask your tax professional about your specific tax situation - presumably you can amend or adjust later tax years.

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Answered on 11/06/08, 10:08 am


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