What is the penalty for tax overpayment?

Answer The penalty for tax overpayment is very small: There is no fine or charge from the IRS. The only loss or charge will be the interest that you could have earned by leaving the tax overpayment in you... Read More »

Top Q&A For: What is the penalty for tax overpayment

What happens if you don't pay back your social security benefits overpayment?

On One Hand: It Will Be Taken From Your BenefitsSocial Security Online clearly explains what will happen if you do not repay your social security benefits overpayment. The amount that you owe will ... Read More »

SSI Overpayment Options?

SSI stands for supplemental security income, a federal program to help those in need. In the event that you accidentally are sent a check for more than you're entitled, you have options for getting... Read More »

California Overpayment of Salary Laws?

When employers overpay their employees, state laws govern the remedies that employers may have for repayment or receiving reimbursement from their employees for the overpaid amount. The State of Ca... Read More »

Can the IRS take my refund for unemployment overpayment?

The IRS Department of Treasury’s Financial Management Service is not usually requested to withhold a refund for state unemployment unless it is for unemployment contributions not made to the stat... Read More »