There's no statute of limitations on how long Social Security can wait to collect an overpayment. More than two years ago, Roy Farmer of Grand Rapids, Michigan, got a letter from Social Security asking whether h
Add the "Pay Code YTD" column to payroll checks Can't select or clear a check box in Employee Deduction Maintenance window Change the sort order for employees to Last Name Correct an overpayment that's made to an employee in Payroll Create a test or historical company in Payroll o...
To accrue vacation by units in Canadian Payroll, follow these steps: Make sure that theAllow Vacation Payand theAllow Accrue Vacation Unitsoptions are set toYesin the Payroll Control Variables - Canada window. Follow these steps: Open the Payroll Control Variables - Canada window: ...
If you're self-employed or part of an S corporation or partnership and expect to owe more than $1,000 this year, there's a good chance you're required to make estimated tax payments throughout the year. Estimated payments are due on a quarterly basis. Check out this guide ...
If you work as an independent contractor, a sole proprietor, a member of a partnership that conducts business, or a person who otherwise runs a business as your own, you likely need to pay quarterly estimated taxes. Quarterly taxes have self-employment taxes (Social Security and Medicare) and...
“Inaccurate reporting can also lead to incorrect tax calculations, resulting in underpayment or overpayment of taxes. Underpayment due to errors, like underreporting income or claiming ineligible deductions, could mean owing additional taxes, along with penalties and interest. On the other hand, overpay...
SSA. One requirement is to report any changes or improvements in your medical condition. If you do not report these changes and any other required information to the SSA, you may be subject to an overpayment for SSI benefits that were paid to you while you were not eligible for the ...
The 2025 941 form is chock-full of different lines, sections, and calculations. To avoid any errors, learn how to fill out Form 941.
you've reached your loan limit, you received a grant overpayment you must repay or you've defaulted on a student loan. When your report falsely indicates a current default, you must acquire a letter from your lender or the Department of Education that states you're cleared to receive financi...
They can’t file a joint return with their spouse if they’re married—but there’s an exception to this rule, too. They can do so if the only reason they’ve filed jointly is to claim a refund foroverpayment of withholdingor estimated taxes.4 ...