As an update to my earlier post on the AIG bonuses, Catherine Rampell posted on TNYT‘s Economix blog a short time ago that the AIG employees’ bonuses may still be taxed even if the employees return them, according to the concept of "constructive receipt."  She points out that whether the IRS actually taxes the bonuses depends on if they want to be "sticklers," but that its authority to do so exists.