Signing bonuses and taxes: What physicians should know
When physicians accept a job offer from a hospital, they are often enticed with a signing bonus in the form of a forgivable loan.
Given the complexities of looking for a job and negotiating an employment contract, it’s easy to see the words “signing bonus” and overlook the term “forgivable loan.”
However, while this may seem like an attractive deal, it carries significant tax implications that …