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#1
10-25-2004, 09:46 AM
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filing exemt on one paycheckWhat is the name of your state?mn are there any legal issues with filing exempt on line 7 for just one paycheck, and why would my boss not like this? |
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#2
10-25-2004, 10:01 AM
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| I have no idea why your boss wouldn't like it, unless it's a very large paycheck and he was counting on the funds withheld to help him cook the books for a while. If you meet the criteria listed on form W-4 to file as exempt, you are free to do so. If it upsets your employer that much you could always file it listing Married 09, that way there will be little to no withholding anyway. Snipes
__________________ This post does not create an agreement to represent you before the IRS, nor does it invoke confidentiality regulations. Postings are based only on the information provided and you should consult a tax professional in your area before relying on information contained in this post. |
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#3
10-25-2004, 10:12 AM
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Married 09Married 09 just means that I would have put a 9 in the total withholdings and have my status be married (which I am)? I do actually want from this one check, as much cash as possible. so maybe that is my question. Doe married 09 give me that most possible cash? thanks for your quick reply |
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#4
10-25-2004, 11:24 AM
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| Because many people claim this exemption fradulently. Do not file exempt unless you actually qualify to do so. |
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#5
10-25-2004, 10:01 PM
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| M9 may or may not make it so you have "no" withholding, but it is the highest number you can list and still remain off the IRS' radar screen. Don't list exempt unless you actually qualify. And don't forget to change your withholding back after you get whatever it is you want. Snipes
__________________ This post does not create an agreement to represent you before the IRS, nor does it invoke confidentiality regulations. Postings are based only on the information provided and you should consult a tax professional in your area before relying on information contained in this post. |
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#6
10-26-2004, 07:39 PM
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Filing Exempt Requires Certification from IRSInstead of attempting to file exempt (requires an IRS cert or in the event the employee does not have documentation filing of your w-4 with the IRS), instruct your employer to withhold a flat $0.00 for federal taxes or increase the number of exemptions you claim (keep in mind that anything over, I believe 9, requires the employer to send your w-4 to the IRS). This does not exclude you from state or local taxes. Your boss has no rights to deny you. The federal taxes are personal and have no implication on the business. It is a pain though for payroll. |
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#7
08-27-2005, 07:31 PM
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| So, you mean if I go into my employer and tell them that I dont want any federal taxes withheld, and that I plan to pay all of them at the end of the year..this can be done? |
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#8
08-27-2005, 09:12 PM
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| You have a little problem with reading comprehension, don't you? Sure, you can do it. Your employer doesn't give a rat's behind. On the other hand, you likely will end up with penalities for underwithholding. And, if you are really lucky, the IRS may charge you with fraud and perjury. But it's a free country. Good luck and I hope Bubba, your new cellmate, treats you tenderly. |
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