I am not sure exactly what the question is but will take a shot and ask you to provide clarification if needed.
You are correct if you are under retirement age and started collecting your SS, if you earn more than the maximum wage limit of $14k then SS will reduce your SS by the $1 to $2 ratio.
If in 2010 you went over the amount and did not notify the SS Administration so they continued to pay your benefits in 2010 and are over the $25/$32k income limit it would be taxable in 2010. SSA will now withhold SS benefits in 2011 until the point you have paid back what is required.
When you receive your 2011 SS tax statement it will contain what you actually received, not what you were entitled to so your taxable SS for 2011 will be less. You will pay less tax in 2011 because the benefits that you receive will be less.
Where this could be problematic is if the SS benefits were taxable in 2010 but your income is low enough in 2011 to avoid the SS being taxable. Unfortunately, there is no option to re-capture the tax paid. SS Administration will tell you that you should have notified them in 2010 and stopped your benefits then not wait for SSA to catch up with you in 2011.
Does this provide you with the information that you are looking for? If not, please see try to clarify more what you are looking for using the need info button. If you are satisfied with the answer, please hit the green accept button to close out the question and allow me to receive payment.