Taxes on overpayment

[jhole]

What is the name of your state? Minnesota

Ex-employeer overpaid me by including a $2300 salary pay in commissions after end of employment. Noone noticed for several months. OK, their money and I will pay back.

Question: How to handle taxes, paying pack gross amount leaves me over withheld for several months. What about 7.5% social security and other deductions with won't come back when I file my tax return?

Any ideas?

 

[pattytx]

Did this happen in 2004 or 2003? It makes a difference to the answer.

 

[anteater]

Why are you paying back the gross amount?

 

[jhole]

Replies on "Taxes on overpayment"

Answer: 2004

Answer: Don't know if I am paying back gross or ? Employeer states will change income statement by reducing it by $2300 so I don't pay taxes on it. Trying to find out how best to deal with it.