Taxpayer asks:
I had been working for a company for a short time, it has now ended..
This is what happen…
I worked 18 hours at 11$ an hr, but was paid for 42 hrs.
They are requesting that I pay back 229.35
How do I go about with my tax information? Is there some sort of fourm that must be filled out?
Taxgirl says:
If this happened in 2008, I would refund the $229.35 and check your form W-2 to make sure that the correct amount was reported. If the form W-2 reflects the overpayment, I would insist on a corrected form W-2. If it doesn’t, you don’t have a problem. Clearly, you don’t want to overreport on your return once you’ve returned the money.
If this happened in 2009, consider sending a note with your check confirming the return of the funds as overpayment for wages and taxes.
Either way, be sure and clearly document on your check that this is a reimbursement (including taxes) for an overpayment and double check the form W-2. If you have concerns about the accuracy of your W-2 that you can’t resolve with the company, you should get your tax pro involved as soon as possible.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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Dear TAXGIRL:
My receptionist said there was a 2005 stimulus and that most Americans didn’t receive it and that you need to do an amended return to get the money. Have you ever heard of this?
Sincerely,
Not in 2005 – maybe she’s thinking 2001? If so, it’s too late to amend and claim any kind of credit or refund for 2001 – the statute has already run.