I am about to recieve a bonus on my paycheck and want to raise the number of exemptions on my W-4 so that I have less taxes taken out.  How many can I have before the IRS gets mad?
204435
Your employer would withhold 25% for federal income tax purposes if the bonus was paid at a separate time as your regular wages.\n\nHowever, if your employer pays the bonus at the same time as your regular wages it would be based on your W-4 Form.  As of last year, IRS recently stated that they would not require an employer to submit the W-4 Form into the Service if more than 10 exemptions are claimed.  However, if IRS finds at the time you file your income tax return your withholding from your W-4 Form is not enough, they can notify your employer to change your withholding exemptions on your Form W-4.  \n\nTo conclude, first find out when the bonus payment is being made.  If the employer is going to withhold at a flat 25%, then changing your Form W-4 will make no difference.  On the other hand, you may want to change the W-4 Form before the bonus payment is made along with regular wages keeping sure that you send it with plenty of time for the payroll department records your changed exemptions before the wage payment.  You may want to change after the payment though so that you are not being withheld at a lower rate for the remainder of the year.  \n\nAnd, congrats on your bonus!!
389947
If you are referring to your W-4 form that you fill out and return to your employer, they are called "withholding allowances", and like most other said, you should be VERY safe claiming 3...one for each person you support including yourself.  You should also enter "Married".\n\nHowever, doing the simple worksheet attached to the form is a wonderful idea.  It will probably have you claim more like 5 or 6.  Why?  Well, depending on your income, you could get certain credits which lower your tax liability.  If you want more now and less when you file your return, you may want to choose a higher withholding allowance.  If you don't need the money now and want a higher refund, choose 3.
22152
Employers are required by law to issue you a W2 by January 31st. Please be patient and wait until then before bugging the company. (I'm pretty sure they are busy trying to get these out.)\n\nAfter Jan 31st, try contacting the HR or payroll department.\n\nWilliam Perez\ntaxes.about.com
73179
If your income goes up at all and puts you out of the Earned Income Credit guidelines, it could pose a real problem.  To be safe you should continue claiming 4 which is high as it is.  Besides the return is nice at the end of the year and you dont really notice the withholdings much.
23778
$7000 in an instant win.  Only collected $5,600 because the IRS took the taxes off the top.  I still got a lot of $1!
352127
31200 before tax taking one day off a year, unless it's leap year.  ;)  Then you get a whopping two days off.  \n\n15 an hour times 40 hours a week = 600 a week x 52 weeks (364 days) = 31200
598101
They had to fill with the IRS just like you did and a copy of your W-2 was mailed out by them.  There would have to be a copy  available there, but even if they are no longer in business, they would have to still have their records secured. Check with the IRS\nor any accountant....if you have the extra few bucks they will charge you.
109296
Talk to someone from IRS.They have a toll free number in the phone book or calla local tax place and ask them for help on what you can do...good luck!
77272
That wouldn't be fair to all the schizophrenics if they couldn't get a tax break too! I'm pretty sure that the only tax deductions you can take are business related, or donations to tax exempt organizations. Invisible friends, inner voices, me-myself-and-I, and religious familiars aren't part of this group, or so I'm told. You might want to check with your tax professional though. The way things are going, you never know what new stuff the IRS is coming out with! <*)))><
198477
if you call the IRS they can send you a printout. I think it costs a few dollars.
15989
As you seem to already know, you can reduce or increase the withholding by filing a new W-4 form with your employer. \nhttp://www.irs.gov/pub/irs-pdf/fw4.pdf\n\nThat will only reduce your take home pay and wouldn't accomplish any more than saving a portion of your pay would acheive. What you really need  is to find some more deductions. Consider filing a 1040 rather than a short form and look for more deductions. Do you have school loans? Do you have tuition? Travel expenses or employee expenses? Charitable donations? State taxes? Self-employed? Make sure you are claiming all the deductions you are entitled to. \n\nDoes your employer have a plan that will allow you to deduct child care expenses BEFORE taxes?  These are called Flexible Spending Accounts. Any money that you put into it must be used during the year for qualified expenses, like child care. Otherwise you lose the money. BUT, the money is deducted before taxes so it lowers your total income and will probably save you some taxes over just itemizing the deduction.\n\nI've listed the IRS, and then the three best tax software packages, in my order of preference. The last link is an explanation of an FSA.
599227
If he is changing the number of withholding allowance or exemptions claimed on his W-4, the form you give your employer so the employer can figure out how much to deduct and send the IRS, that's legal.  One can change the number of exemptions claimed or the dollar amount withheld as long as the amount withheld each quarter and for the year as a whole bears a reasonable relationship to what taxes are ultimately found to be due on a quarterly basis and for the year.  \n\nThis is allowed since other aspects of a taxpayer's life may change during the year, for which he or she might wish to change the amount of taxes withheld.  \n\nYour friend appears to be adjusting his withholding so he has a larger disposable income early in the year, and a smaller disposable income later in the year.
461312
The instructions on the W-4 are a guide. You would be single filing one if you're parents claim you as a dependent, single filing 2 if you live on your own.\nHowever, you can use the allowances claimed as a way to change the size of your refund/tax payment at tax time. If you like to get a refund at the end of the year and you had similar circumstances last year with the same filing status, follow the instructions. If you'd rather have the money in your paycheck and pay a large amount at tax time, increase the number of allowances.
204141
You should probably change your withholding so that it is more in line with your new situation.  If done correctly, it will end up so that you get more in your paycheck each week, but a smaller refund next year.\n\nBecause you are now married, you need to either file "married filing jointly" or "married filing separately".  It is tough to tell whether your tax will go up or down without more information, it you were going from single to married, total tax between you/spouse would probably go down.  But since it's HOH->married, it might go up.\n\nTypically, couples are better off filing jointly than separately, but that must be decided based on your circumstances.  I'd try both ways, and file whichever way gets you the lowest taxes.
127264
It's difficult to do this.  You'll need to inform your employees well in advance (they don't have a say, but there are rules on informing them).  Also, you'll probably need to make changes to the way you deduct money from EE's checks (401k, Medical, etc).  Those are the big things to watch out for.  If you really want to do it right, see if you can spring for a trip to the APA's workshop in May ;)\n\nhttp://www.americanpayroll.org/congress24/24line07.html\nhttp://www.americanpayroll.org/congress24/24w-payroll.html#22
539285
The IRS will look at your income and expenses, and they'll tell you what they think you can pay.  You can negotiate on this a little, but if they say $200 a month, you won't likely be able to negotiate it to $25 a month.\n\nAny refunds you'd be eligible for before the back taxes are paid would most likely be taken and applied to your debt.  You could adjust your withholding so you don't have a refund, but don't take it so low that you owe again, and dig yourself in deeper.
217659
You have to request an extension. There is an application process. The application can be found on the IRS's website.