Avs19
Level 7
01-22-2024
09:55 AM
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A client of mine just informed me that in 2022 a company he started working for gave him 40K in virtual currency as a sign on bonus. It was not on his W2. I told him to check if the company can amend his W2 but they gave him an odd reason why they couldn't and to file it as other income. I believe he should have paid fica taxes and am contemplating on how to properly report this.
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