Bonus Payback - taxes?
02-15-2020, 08:29 AM
#22
New Hire
Joined APC: Apr 2019
Posts: 5
Find an accountant, the gross repayment will be reported as a loss on your return, meaning you will receive as a refund only a portion of the taxes you repaid Envoy, but not all of them. There is no way to recoup the entire tax amount you paid to Envoy. Sorry, you are going to have to go out of pocket on this one. Also, be prepared to repay the $5000 ATP-CTP cost. Envoy sends a collection letter fairly quickly, due within 60 days of same being mailed to you. They will mail you a W2 if you no longer have access to my.envoy. They follow the language of the contract you signed closely.
02-18-2020, 07:31 PM
#24
Gets Weekends Off
Joined APC: Jul 2017
Posts: 1,729
03-05-2020, 03:33 AM
#26
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,792
Its a bit like urban legend around here, with some saying they know people who have gotten off with no repayment while others say people have had the book thrown at them. I think there is some truth to all of it honestly and ultimately is determined by which version of the document you signed.
03-05-2020, 06:21 AM
#29
Gets Weekends Off
Joined APC: Jun 2019
Posts: 1,279
03-05-2020, 07:16 AM
#30
Gets Weekends Off
Joined APC: Sep 2019
Posts: 413
When a “professional sim instructor” who’s never been in the plane is training you for initial and isn't enough to get you through training and youre asked to resign. Well what do u do then
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