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Just to clairfy,
If I repay the total net amount this year. Then, they must readjust my w-2s accordingly.
If I repay part of the amount this year and the other part next year, then they must fix my w-2 for the amount i've paid this year? and i have to write off the rest the following year...
What is the name of your state?NC
I recently was involved in an overpayment issue. I was overpayed and now I am in the process of repaying the company, my only condition is that the company agree to adjusting my W-2 forms. Evertime I ask them to confirm that my w-2 will be adjusted, I don't...
just to clarify, you're saying the gross income should be the amount the company paid me minus what i returned, and the withheld should reflect the actual withheld, which is based on what the company had orginally paid me.
I am from VA. I have recieved overpayments from a company and I am in the process of returning these funds. The W-2 I have recieved from the company does not reflect the money I have returned. Is there some place on the tax form (1040) to receive that deduction or should I request an updated...
The employer only wants the after tax money now...basically what was deposited in my account.. so, I am assuming they will send me a W-2 that states i recieved the total amount of money, eventhough i returned half of it...Should I ask for an updated W-2 or can I in my taxes show that I returned...
I am from VA and i was working in NC. I ended working there at the end of May and they continued to pay me. I didn't realize i was being payed until october and by then had spent the money on school and didn't know what to do. The company has contacted me and asked to repay them. I have a few...
I am very sorry. I only did that because i didn't know how to start my own tread. I will continue to search how to start my own thread and will post my question again.
Overpayment
I am from VA and i was working in NC. I ended working there at the end of May and they continued to pay me. I didn't realize i was being payed until october and by then had spent the money on school and didn't know what to do. The company has contacted me and asked to repay them...
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