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 Union Issues
Retro check overpaid
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: 1340746" data-attributes="member: 27557"><p>If the overpayment and the repayment occur within the same tax year, an adjustment is made in the payroll system to reduce the wages and taxes so they do not even appear on the employee's W-2. As long as it is within the same tax year, no one should be repaying the gross amount; only the net should be repaid.</p><p></p><p>Once it crosses tax years, the excess taxes can no longer be recovered and the employee will have to repay the gross amount and claim a refund from the IRS.</p></blockquote><p></p>
[QUOTE="Kae3106, post: 1340746, member: 27557"] If the overpayment and the repayment occur within the same tax year, an adjustment is made in the payroll system to reduce the wages and taxes so they do not even appear on the employee's W-2. As long as it is within the same tax year, no one should be repaying the gross amount; only the net should be repaid. Once it crosses tax years, the excess taxes can no longer be recovered and the employee will have to repay the gross amount and claim a refund from the IRS. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Retro check overpaid
Top