0
An overpayment occurs when an individual or entity pays more than the required amount for a product, service, or obligation. This can happen in various contexts, such as payroll errors, tax payments, or billing mistakes. The excess amount may need to be refunded or adjusted in future transactions. Proper accounting practices are essential to identify and rectify overpayments promptly.
What else can I help you with?
How do you get credit card overpayment to another account?
Dont't PAY IT OFF
What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
Can state of Michigan take my federal taxes for overpayment of unemployment insurance?
The State of Michigan can only offset your federal refund, if they say the overpayment was due to misrepensentation or fraud. In this case you will need to contact a Bankruptcy Lawyer to help.
Are you really getting a refund when you get your tax refund from the Internal Revenue Service?
Yes, a refund of overpayment...but a refund nonetheless.
What is Journal entry to correct salary overpayment?
debit cash / bank (with overpaid amount)credit salary expenses
Can you bankrupt a VA Overpayment?
no
Could you owe in overpayment and still receive disability?
Yes, usually SSA will keep a portion of your disability benefits until the overpayment is paid in full. If you're in an overpayment, you might try applying for a waiver.
I had an EDD status of a claim say "Overpayment", then I appealed it, now the status says "Overpayment Canceled". Does this mean I'm ok?
i
Can Canadian old age pension collect on overpayment inusa?
The Canadian old age pension is separate from any overpayment issues that may arise in the USA. If there is an overpayment of benefits in the USA, the appropriate US authorities would be responsible for addressing and collecting on that overpayment. The Canadian old age pension would not be involved in this process.
Should I apply my overpayment on my taxes?
Yes, applying an overpayment on your taxes can help reduce your tax liability or result in a refund. It is generally a good idea to apply any overpayment to your taxes to avoid owing more money later on.
Can overpayment on rent be applied to damages?
If you were required to pay a security deposit prior to moving in, overpayment would not apply to that unless you have a verbal or written agreement with the landlord. Typically, if you make an overpayment on rent, it would be applied to next month's balance.
Can Social Security garnish your wages for an overpayment when you have an appeal on file?
No, but if the appeal is favorable to the SSA they can recover the overpayment amount via garnishment of income.
Ohio child support overpayment?
http://www.ocffr.org/
Can Iowa unemployment garnish wages across state lines for overpayment?
I've had an unemployment overpayment in Iowa for nearly 10 years and have never had any of my wages garnished.
Can an employer in California deduct an overpayment from the employee's final paycheck if he has a signed consent?
Yes, an employer can deduct an overpayment if the employee has signed consent. This is a legal agreement worked out between the two of them.
Can employer recover overpayment of wages in new york state?
Yes.
Can a pyroll company take an overpayment back?
Yes, most definately.
