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Should you choose 0 or 1 for exemptions on your income tax forms?


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2009-12-09 23:49:29
2009-12-09 23:49:29

Form W-4 is Employee's Withholding Allowance Certificate. You enter the number of your exemptions on Form W-4. The Personal Allowances Worksheet guides you to take an accurate number of exemptions. If you (and/or your spouse) are working at more than one job, you might claim 0 allowances to make sure enough tax is withheld on your earnings. Also, if you have a large amount of nonwage income (interest, dividends, etc.), either claim 0 exemptions or arrange to make estimated tax payments using Form 1040-ES (Estimated Tax for Individuals).

For more information, go online to print Publication 505 (Tax Withholding and Estimated Tax) at

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Related Questions

The IRS recommends federal income tax forms and related documents should be kept for three years. How long to keep state income tax forms depends upon state laws.

"Where can I find printable Maine income tax forms?"

Yes. You can find the forms here'

How can i download Pennsylvania state income forms PA40?

where can I download rhode island state income tax forms?

Most but not all people need to file federal income tax forms. If you do not meet the minimum income requirement, then you do not have to file for federal income tax.

Everyone must file a 1099 based on the income reported on your w-2 income tax statement from your employer. You may have to file state income tax forms as well. Before filling out any forms, take a look at what tax forms you received. In general, you should have a W-2 from your employer as well as a 1099 form for interest income. Essentially, any income that you earned or received during the tax year will need to be reported on a 1040 form. If you are unsure of what to fill out, it is best to go to an accountant.

Well, I would recommend downloading income tax forms from FinoTax because they offer a variety of income tax forms for a variety of people. They also offer their services for a fee of no charge.

can I look at old income tax forms

The U.S. citizens file their taxes once every year. The amount you file depends on your income, age and filing status. Tax exemptions come in many forms, but all help to reduce or eliminate your role of paying tax.

You're county courthouse should have all the forms you need to file taxes. They are also available online at You should be able to find tax forms at your local courthouse. You should also be able to find forms at your local post office.

IRS 1099 forms are used to report income that can not be reported elsewhere or considered miscellaneous income.

how do i print alabama tax forms

Income tax forms are available online at There are also other forms available, such as instructions on taxes. All of it is free.

This question will require much more information to answer correctly. You will need your filing status, number of exemptions, amount of tax withheld, and a copy of your W-2 form or 1099 forms received as well as any other tax forms that you received. Where the income was generated from is also a necessary question that will be needed to answer your question.

The best place to find federal income tax forms online is There are multi year forms with instructions and the site is user friendly.

The best piece of advice to remember when filling out income tax forms is to be honest and accurate. If you are a waitress, then you should claim all of the tips you make as income. If you fail to be honest in filling out your income tax forms, the IRS may find out about your dishonest behavior. Not being honest in filling out income tax forms can actually be a form of tax evasion. You do not want to be convicted of tax evasion for failing to record a few thousand dollars that you made in the past year.

You should file your own income tax forms if you have a simple tax return. If you have a complex tax return, it is probably best to use a certified tax preparer from H&R Block or Jackson Hewitt.

You can find tax income forms at your local post office or local library. Online you can print them at You can find all the forms at these locations or print them directly from your computer.

You should be able to find every sort of form or document you need on the IRS website:,-Publications,-and-Other-Tax-Products.

If they have income, then yes. You don't get a free pass for being old.

“I need state income tax forms for AZ to down load for my son, who is in the Army”

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