Proper Handling of Payroll Overpayments 2015

Topics

• Discuss employee loan policy and advances and how to handle them
• Review of different types of overpayments from regular pay to non-cash items such as laptops given to employees
• Special year end reporting concerns for employees that have been overpaid
• Discuss the tax brackets of overpayments made in current year and those made in a prior tax year
• What special state and federal laws should be considered when collecting overpayments
• What are the best methods of repayment
• Will review the IRS "claim of right rule"
• Understanding the impact of overpayments may be different for hourly employees versus salaried employees

Who should Attend

• Accounting Professionals
• Controllers
• Payroll Professionals
• Tax Professionals
• Lawmakers
• Auditor