Anyone else who was caught up in the layoffs of 2016 receive a W-2 for 2017? The W-2 showed earnings of ~$1600 with no withholdings, i.e. I would owe all the taxes on it. I tried to call Intel HR to ask about it, but I gave up after being on hold for 20 minutes.
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Call the Intel contact center at (800) 238-0486, Monday–Friday: 9:00 a.m. to 4:00 p.m. (pacific time) they can look it up under your Worldwide ID (WWID) and tell you what it was for and send you a payslip with more details behind the amount.
I took early retirement package in 2016 and received a direct deposit in 2017 for the prorated bonus. My W2 for that arrived this week.
I think they sent a check instead of direct deposit.
@2tkc. How would Intel know OP sold his/her shares in 2017 ?? Even so it has nothing to do with W2.
If you took ERP in 2016, part of the package was 50% of the yearly bonus which was paid in Feb of 2017 (hence the W-2). There were no taxes withheld because they probably used a monthly payroll calculation and $1600 was not enough to generate taxes.
Call HR to find out what it is. I think you probably sold some INTC shares in 2017 and the amount on W2 reflects 15% discount of the investment on those shares when you received them.
sounds like the ordinary income portion of an SPP sale
The only reason I mentioned it was I took ERP in 2016 and received bonus in 2017, just got W2 on Friday reflecting bonuses. I don't think it's too late to call EASE or HR to find out what haplened?
If I was laid off in 2016, I wouldn't get a bonus in 2017. And I already looked at my bank account and there were no deposits from Intel.
It was from the bonuses in early 2017. Look at your bank account if you had direct deposit and check end of January and early Feburary for deposits.
Too late. Should have looked on your pay stub at the time.
In the bright side, you didn't make much money.