Announcement

Collapse
No announcement yet.

w4 Claiming 11

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    w4 Claiming 11

    I thought there was an old rule not to claim more than 10 exemptions or the boss would turn it over to the IRS for review. I have a customer who should claim 11 to get his withholding correct.

    Is there a problem and will he get a letter from the IRS by going so high on his w4?

    Mahalo
    Bjorn

    #2
    he gets a letter

    >>I have a customer who should claim 11 <<

    So what if he gets a letter? He can easily explain what he's doing, right?

    Comment


      #3
      No problem right

      now. The IRS does not require the employer to send the W-4 to them unless they ask for it. As I understand it, theIRS can tell the employer to ignore the W-4 and require withholding at a different level if theIRS tells them to do so but I've never seen that happen.
      "A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain

      Comment


        #4
        The rule changed recently.

        TheTaxBook, 2005, page 23-4.

        "New rules effective April 14, 2005. The IRS no longer requires employers to submit W-4s to the IRS when the employee claims more than 10 allowances."

        IR-2005-45

        Comment


          #5
          State rules may vary.

          Comment

          Working...
          X