W-4 enter 0 or 1 to get more money back at the end of the year?
117182
Not a good idea.  One of the many IRS criteria for an audit is the amount of refund received
15390
Heck no!  As soon as I get my w2s I do them on completetax on the internet.  That way I get my returns back right away.  Especially if I do an electronic fund transfer.  I received my state return last year if four days and federal in about a week.
906901
"Hold on to your individual pay stubs for the year until you have received the Form W-2 for that year.  Reconcile the year-to-date cumulative totals on the last pay stub for the year to the amounts reported on the W-2.  If they match you can throw out all but the last pay stub.  Keep the final pay stub for the year, with year-end cumulative numbers, with your tax return documentation for that year."\nhttp://www.trimlife.com/newsletter/new/02022006/feature.asp\n\nClark Howard (you know that guy on the radio) says to keep:\n'Last pay stub of a job if you leave that job   \nLast pay stub of the year for your current job "\n\nHe has recommendations for all record keeping which documents to keep, how long, which ones to toss, at:\nhttp://clarkhoward.com/shownotes/category/7/18/209/387/\n\nYou've inspired me to clean up my file cabinet too! I'm in the same boat..paystubs going back 10 years..
183599
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.
149883
Theoretically, if you properly fill out the worksheet on a W-4 (Withholding Certificate), the exact amount of tax--no more and no less--will be deducted.  However, it never works out that way.\n\nIf you're concerned about underpaying your taxes, you can file a form 1040ES, Estimated Tax.  It helps you determine what you expect to earn in the coming year to more accurately estimate your tax liability.  While this form is most often used by individuals running their own business, it is something to consider.\n\nAs for your state, it would depend on the one in which you live.
399800
I hope I understood your situation correctly.  If you owe the IRS back taxes, they will continue to intercept your refunds until the debt is paid, even if they are also garnishing wages or taking other enforcement actions.  Federal law requires the IRS to do this, so it is not negotiable.\n\nTo reduce the amount intercepted, you may want to reduce the amount you are having withheld from your pay.  (See your company's HR or payroll person for this; you may need to do a new W-4 for them.)  You want to try to strike a balance between overpaying (which causes a refund, which gets intercepted) and underpaying (which will cause you to owe income tax at the end of the year).\n\nIf you can enter into a voluntary agreement with the IRS, they should stop the garnishment.  However, they will continue intercepting refunds until everything has been paid.  I hope that helps you.  Good luck.
163605
"my job takes out single on the taxes"....if by this you mean that you claim "1" on your W2 at work....then it doesn't matter much.\n\nHere's how it works: you decide how much your employer witholds from your paycheck in anticipation of tax time the following year. You could claim 0, 1, 2, all the way up to nine. The IRS provides a handy worksheet to assist you in determining that magic number but in my experience, I always end up not witholding enough. Basically what a W2 boils down to is if you want to get money back at tax time, claim 0 (and the IRS has access to that witheld $$, interest free for the entire year...). If you want the majority of your $$ now and don't mind that you'll have to pay come tax time, claim 2 or above (be careful.....the higher the number, the more you'll have to pay). If you'd like to break even, with either a little bit of a refund or a little bit to pay, then claim 1.\n\nWith regards to being married, if you are filing jointly, you may end up being taxed more due to your combined income. You once were making $25K and now with the wife $45K, you'll be moved into a different tax bracket. I imagine that it won't effect you much this tax year since you were married at the end of 05. It might make a big change in 07 for this year. Consult your tax advisor about that. They'll have information on how you can maximize deductions and such.
344400
You can do whatever you want with your witholdings.  You just have to remember that you'll have to make up the difference when you file your taxes at the end of the year.\n\nHowever, instead of going exempt, just change your deductions.  If you're currently filing single and 1, bump it up to single and 10.\n\nThe government doesn't care what you put on there, just so long as you square up with them at the end of the year.
72578
If an employer has a good current address on file and doesn't send you your W-2 before 31 January, then contact the IRS and it will no longer be a problem.  Also, the IRS may extend your deadline past April 15th!  With buy-outs, you'll have to contact the IRS, but I am sure that when a company is bought out, so are the records and the responsibility to send out W-2's.
304140
Obtain a W-4 from your employer.  When filing your tax return, you don't need a special or new form if ou are adding a depenant this year.  You just include them on your usual forms.
424028
Call the IRS or your employer for that year.
785959
The other answers forget..\n\nRule 72 (IRS) allows u to pull the $$$ from IRA (assume it applys to 401k too)...\n\nIt allows u to get it before 59.5 with only taxes to pay if u do it over a specified period of time.\n\nFor example u pull 40k out but do 4k per year for 10 years.\nThis is a way get $ out before 59.5 without penalty.\n\nIRS recongizes that there are life events that force many to grab funds from existing sources for emergencies.\n\nU could use this rule to pull out 100% of the 401k, and use portion for wife and portion for self.
1094868
Assuming that you're talking about filling out a W-4 form, you should file yourself and any other dependents that you have, not counting your unborn child. At the bottom of the form where you sign, there is a little statement "I swear that the information above is true and correct." or something to that effect. Even though many, many people make false claims on their W-4 forms, it would suck to be the one caught for falsifying IRS documents when they decide to make an example of someone.\n\nWith that warning out of the way, you may claim 15 dependents if you wish. They'll take next to nothing out of your paychecks and you'll owe a mint at the end of the year. Or you could claim zero, pay maximum taxes and get money back at the end of the year. I personally don't like using the federal government as a zero percent savings account that I can only access once per year. But that's just me....
196337
It depends on your income and how many dependents you have as to how much money you will get back. They should withhold 258.74 in fed taxes if you claim 0 exemptions
430520
Unfortunately the company is not liable. You are the one who signed the W-4 form. It is the individual who must determine what is to be withheld for Federal tax purposes. If not enough is being taken out of each paycheck, you may submit a new W-4 asking for an additional amount be taken for taxes, over and above the normal deductions (i.e. and extra $5 per paycheck).
727315
If you're talking about changing your W-4, that only changes the amount withheld from your paychecks, and does not change your eventual tax liability when you file your return.  If you don't make the change, you might have more withheld from your paychecks but get it back in your refund.  Since this gives Uncle Sam an interest-free loan, not real sensible.  Timing of changing your W-4, before or after the new year, doesn't matter much.\n\nIf you got married in 2006, even on December 31, you're considered married for the entire year when you file your return.  You'll file as married, probably jointly unless there's some reason to file as married filing single which usually costs you more.
428723
If you are a single individual this is simple.\n\nYou may find someone in your company's personnel or payroll office that can advise you, but if your situation is unusual you should see a tax preparer or IRS adviser. \n\nIf you are a single person with no dependents claim Single and 1. If you do this you will have no significant refund or added tax to pay with next year's tax return. If this applies to you, you do not have to read any further.\n\nDo you want to use your withholding tax as a savings account? - only a strategy for those who can't save. If so, claim your actual status and fewer than allowed exemptions, for example, S-0, Single and zero.\n\nIf not, then take one exemption for each person that will be included on your tax return as a dependent, and one each for you and your spouse. \n\nIn addition, if you own a home with a significant mortgage, which when combined with state taxes, real estate taxes, personal property taxes, charitable contributions, and other itemized deductions will exceed the standard deduction, you may want to add an additional exemption to your W-4.  \n\nThe exemption allowance for 2006 is $3300 and the standard deduction is $5150 for Single and Married Filing Separately, $7550 for Head of Household, and $10300 for married Filing Jointly.\n\nSo if you're a married person with two children, a wife, who does not work outside the home, and you have a mortgage and other itemized deductions totalling more than $13,600 ($10,300 + $3,300) you are permitted to claim  Married and 5. [Spouses (2) Children (2) and deductible expenses exceeding the standard deduction (1)]\n\nThis strategy may only be used by one spouse of a married couple when they both work. They should also adjust their withholding when their combined earnings will place them in a tax bracket that charges a higher tax rate than either of their individual tax brackets would.