2019 - How to Recover Wage Overpayments 2019

Know the common causes of wage overpayments
Understand how company policies and controls can minimize wage overpayments or mitigate the effects of wage overpayments
Know the federal and state rules with regard to recovery of overpayments and the consequences of non-compliant recovery methods
Understand the procedures for reporting recovery of wage overpayments during the year of overpayment, a subsequent year, and for partial repayments. This includes discussion of special problems with fringe benefits based on wages and corrections or amendments to payroll and wage reports such as Forms 941 and W-2
Know how to compute and report tax adjustments for repayments
Best practices for avoiding, detecting, and controlling wage overpayments
Employment terminations will be discussed as an area of particular susceptibility to wage overpayments and how problems related to terminations can be minimized
How establishment and communication of employer policies and internal controls can prevent overpayments and minimize costs
Tax computations when there is a partial recovery
The common causes of overpayments such as late termination paperwork, leave of absence errors and failure to terminate automatic payments