FAQs

All Items: Depositing & Reporting Withheld Taxes

Should an employer seek a refund from the IRS of overwithheld income taxes due to a prior-year wage overpayment?
Does an employer need an employee's consent to seek a refund of overwithheld FICA taxes due to a wage overpayment?
How should an employer recoup a wage overpayment from an employee if the repayment will be made in the same calendar year as the overpayment?
How should an employer recoup a wage overpayment from an employee if the repayment will be made in a subsequent calendar year?
What forms must an employer file to report a wage overpayment that is recouped in a subsequent calendar year?
What forms must an employee file with the IRS to correct a wage overpayment repaid in a subsequent calendar year?
How can an employer prevent the nonrepayment of overpaid wages that may result if a new employee quits shortly after receiving a signing bonus and other benefits?
Should an employer accept an employee's uncashed paycheck from a prior year as reimbursement for a wage overpayment that occurred in the current year?
Must an employer wait until an employee pays back the full amount of a wage overpayment via pay deductions spanning several years before filing Forms 941-X and W-2c?
Which department of a company is best suited to handle the recoupment of wage overpayments?

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About This Category

Frequently asked questions and answers on HR issues relating to payroll: depositing & reporting withheld taxes.