Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Overpayment disaster!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Kae3106" data-source="post: 1317951" data-attributes="member: 27557"><p>This probably wasn't caused by Payroll. It was caused by the center not telling HR to change your job classification. As soon as HR does that, a report goes to Payroll and they would have changed the pay rate to the appropriate rate in the system. There is a weekly report that shows employees whose rates do not match their job classifications so Payroll would have noticed.</p><p></p><p>If it was just caught, it may have been picked up on the audits they are doing for the new pay rates and retro calculation.</p><p></p><p>First, find out from Labor exactly how far back they can go and exactly when they found the error because that's when the clock starts ticking. If they continued to mis-pay you after they discovered the error, that's on the company, IMO.</p><p></p><p>If they insist that you pay back the funds, you can stretch it out over a reasonable time frame. Make sure you keep track of how much you have repaid. Here's the real problem, though...you have crossed tax years if they go all the way back to July. For a prior year overpayment repaid in the current year, they can ask you to repay the gross amount, not the net. Then you can deduct the repaid amount on your 1040 the next year and will not be given a 2013 W-2C since you had use of the funds in 2013. </p><p></p><p>If they can only go back 90 days, it's much better for you from a tax perspective. If the overpayment and repayment happened in the current year, they should adjust your current year wage and tax totals to reflect the repayment. Also, you can request a payroll history that shows all hours and rates paid. Get that and do your own calculation.</p></blockquote><p></p>
[QUOTE="Kae3106, post: 1317951, member: 27557"] This probably wasn't caused by Payroll. It was caused by the center not telling HR to change your job classification. As soon as HR does that, a report goes to Payroll and they would have changed the pay rate to the appropriate rate in the system. There is a weekly report that shows employees whose rates do not match their job classifications so Payroll would have noticed. If it was just caught, it may have been picked up on the audits they are doing for the new pay rates and retro calculation. First, find out from Labor exactly how far back they can go and exactly when they found the error because that's when the clock starts ticking. If they continued to mis-pay you after they discovered the error, that's on the company, IMO. If they insist that you pay back the funds, you can stretch it out over a reasonable time frame. Make sure you keep track of how much you have repaid. Here's the real problem, though...you have crossed tax years if they go all the way back to July. For a prior year overpayment repaid in the current year, they can ask you to repay the gross amount, not the net. Then you can deduct the repaid amount on your 1040 the next year and will not be given a 2013 W-2C since you had use of the funds in 2013. If they can only go back 90 days, it's much better for you from a tax perspective. If the overpayment and repayment happened in the current year, they should adjust your current year wage and tax totals to reflect the repayment. Also, you can request a payroll history that shows all hours and rates paid. Get that and do your own calculation. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Overpayment disaster!
Top