How did you spend your last paycheck
Paycheck from an old employer
The same thing happened to me at the end of 2010. I contacted the bored-sounding HR department of the big company - after scrolling through the phone menu and receiving more than one "all of our employees are busy, please
I did not receive a letter and a month later (January 2011) I received a W-2 with the paycheck on it. I decided I'd put enough time and effort on it, and if they wanted it back, the ball was in their place. I changed my bank account numbers to prevent them from automatically charging my account and spent the money as if it was mine.
I haven't heard from it since.
From what I could tell, after having tried in good faith to return it, I made it clear.
And for what it's worth, it's not that you can just "give it back". Amongst other things:
- Withholdings have been sent to the IRS on your behalf and there is no way to get them back
- Money has been deposited into your 401 (k) and you cannot touch it until you are 59.5 years old.
- The amount they gave you is on your W-2, which means you will have to pay tax on it.
- There may have been other withholdings for insurance or other employee-paid items. You have no way of getting that back.
I certainly didn't want to just send the company a check and hope for the best.
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