Hi experts,
For one of our employees, we deducted the /401 withholding fed tax excessively $1000 and now we would like to return the payment to him through check.
My criteria is to return his payment and the /401 withholding taxt should show up as -900 and this amount should get deducted from the YTD.
I tried using IT221 ADJT but negative amount not permitted here; tried IT0015 but here /401 technical wage type is not permitted.
Tried IT221 -manual payment and put /401 with $1000; but post running simulation the $1000 is deducted from gross but getting added to YTD.
I believe this is a common issue in every organization; please help us in resolving this.
Aries.