It’s that time of year again, the fourth quarter; where you want to show your appreciation for your team’s hard work and decide to give everyone a well-deserved $500 holiday bonus. You process the checks, hand them out with a smile and wait for the holiday cheer. Instead, an employee knocks on your door with a puzzled look, holding a paystub that reads $362.40. “Hey boss, was there a mistake on my bonus check?” There wasn’t a mistake. To you, that bonus was a generous holiday gift. But to the IRS, it’s compensation, and that means Uncle Sam wants his…
