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

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 »

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 »

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 »

How do I Claim Overpayment of OASDI Taxes?

OASDI, or Old Age, Survivors, and Disability Insurance, is paid for by U.S. taxpayers through the OASDI tax, which is part of the payroll taxes along with the Medicare tax. The OASDI tax only appli... Read More »