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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121148  
Subject: Re: Repaying Your Employer Date: 1/28/2004 10:22 AM
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My employer accidentally sent me an additional check after I had left the company. Being the honest soul that I am, I let them know, and paid them back the money they overpaid me.

The problem, however, is that they didn't alter my W-2 form to show the correct amount I had been paid, nor did they refund me the FICA, federal income tax, or state income tax I paid on those "earnings". How do I report this on my income tax return so that I don't have to pay taxes on money I never earned?


You need a corrected W-2. There's no need for any money to change hands, assuming that you repaid the net amount that you were erroneously paid.

If you can't get a corrected W-2, file your returns with the correct figures (including the lesser amount of withholding) and attach an explanation.

Phil Marti
VITA Volunteer
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