Hiding Liquid assets

thumper1
Sun, 25 Mar 2012 22:11:34 +0000

Three4three…the OP got a bonus. It WILL be reported as income. A reduction in income would need to be documented by the employer and employee. Would this OP really want to request a letter stating he would NOT be receiving a bonus in the future? All to save $1000? I doubt it.

Yes if a person is laid off and a new job has lower pay…or if the persons hours are reduced to part time, or if they lose a job, they can tell the college.