Payroll

New and Updated

• Type:

  FAQs

  What forms must an employee file with the IRS to correct a wage overpayment repaid in a subsequent calendar year?

• Type:

  FAQs

  May an employer garnish the wages of an overpaid employee to recoup the overpaid amount?

• Type:

  FAQs

  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?

• Type:

  FAQs

  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?

• Type:

  FAQs

  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?

• Type:

  FAQs

  For purposes of recouping a wage overpayment, is there a dollar amount that is considered too small to be worth recouping?

• Type:

  FAQs

  Which department of a company is best suited to handle the recoupment of wage overpayments?

• Type:

  FAQs

  If an overpaid employee does not pay the employer back in the same year, should the employer give the employee a new Form W-2 showing less wages and taxes for that year?

• Type:

  FAQs

  What action should an employer take if an overpaid employee refuses to consent to the employer's request to seek a refund of the overpaid FICA taxes?

• Type:

  FAQs

  What action should an employer take if a request for consent to file a refund claim for overpaid FICA taxes sent to a former employee's last known address is returned as undeliverable?