answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

How do you calculate exemptions?

One exemption on the 1040 tax form for the tax year 2009 and 2010 is 3650.Each additional qualifying exemption on the 1040 tax form you would have an additional 3650.If this is about your exemptions on the W-4 form Employee's Withholding Allowance CertificateGo to the IRS.gov web site and on the left side of the page under ONLINE SERVICES choose IRS Withholding CalculatorIf you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, Employee's Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use your results from the calculator to help fill out the form.Who Can Benefit From The Withholding Calculator?


How do you claim exemption from withholding for 2010?

You will have to fill out a new W-4 form and get it to the payroll department of your employer. Go to the IRS gov web site and use the search box for W-4


Where is your withholding certificate?

Form W-4 is Employee's Withholding Allowance Certificate. It's an IRS form that you fill out for your employer. It includes three worksheets (Personal Allowances, Deductions/Adjustments, Two-Earners/Multiple Jobs). You keep the Worksheets for your records. The employer keeps your completed W-4 form with employer tax records. For more information, go to www.irs.gov/taxtopics for Topic 753 (Form W-4 Employee's Withholding Allowance Certificate).


How do you fill out Form W-2 if you are single with no dependents?

Form W-2 (Wage and Tax Statement) is filled out by the employer, not the employee. You're confusing it with Form W-4 (Employee's Withholding Allowance Certificate), which you as an employee fill out. For Single with no dependents, you check the Single option in Box 3. In Box 5, "total number of allowances you are claiming," enter 1 for yourself. That tells your employer to withheld tax at the Single rate, with 1 exemption for yourself and no dependent exemptions.


Why must a W-4 form be completed?

Form W-4 is Employee's Withholding Allowance Certificate. The purpose of the form is to guide your employer in accurately withholding taxes (income, social security, Medicare) from your earnings. The amount that's withheld is determined by the number of exemptions that you're claiming.Also, if you're completely exempt from federal income tax withholding, you need to fill out Form W-4 for your employer. To have complete exemption, you must meet two conditions. One, the previous year all federal income tax withheld from your earnings was completely refunded to you because you had no tax liability. Two, you're expecting this year to be the same situation: any federal income tax that would be withheld would be completely refunded to you.

Related Questions

What tax form do employees need to fill out?

Employees need to fill out a W-4 form for federal income tax withholding and a state-specific form for state income tax withholding.


How do you get a license in Georgia?

You have to fill out the Sales and Use Tax Certificate of Exemption.


How do you get a resellers license in Georgia?

You have to fill out the Sales and Use Tax Certificate of Exemption.


How do you calculate exemptions?

One exemption on the 1040 tax form for the tax year 2009 and 2010 is 3650.Each additional qualifying exemption on the 1040 tax form you would have an additional 3650.If this is about your exemptions on the W-4 form Employee's Withholding Allowance CertificateGo to the IRS.gov web site and on the left side of the page under ONLINE SERVICES choose IRS Withholding CalculatorIf you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, Employee's Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use your results from the calculator to help fill out the form.Who Can Benefit From The Withholding Calculator?


What does a w-4 form look like?

A W-4 form, officially titled "Employee's Withholding Certificate," is a document used in the United States by employees to indicate their tax withholding preferences to their employers. It typically includes sections for personal information, filing status, and the number of allowances or additional withholding amounts the employee wishes to claim. The form is relatively straightforward, featuring checkboxes and spaces for the employee to fill in their details. The most recent version includes a simplified design to make it easier for employees to understand and complete.


On which website do you find your withholding tax certificate?

Form W-4 is Employee's Withholding Allowance Certificate. It's an IRS form that you fill out for your employer. Employers keep completed W-4 forms with their employment tax records. Your completed form isn't available on any website.For more information, go to www.irs.gov/taxtopics for Topic 753 (Form W-4 Employee's Withholding Allowance Certificate).


How do you claim exemption from withholding for 2010?

You will have to fill out a new W-4 form and get it to the payroll department of your employer. Go to the IRS gov web site and use the search box for W-4


Where is your withholding certificate?

Form W-4 is Employee's Withholding Allowance Certificate. It's an IRS form that you fill out for your employer. It includes three worksheets (Personal Allowances, Deductions/Adjustments, Two-Earners/Multiple Jobs). You keep the Worksheets for your records. The employer keeps your completed W-4 form with employer tax records. For more information, go to www.irs.gov/taxtopics for Topic 753 (Form W-4 Employee's Withholding Allowance Certificate).


How do you fill out W-9 Box 4?

Box 4 of the W-9 form is used to indicate if you are exempt from backup withholding. If you are exempt, you should write the appropriate code for your exemption status, which can include being a corporation, a tax-exempt organization, or certain government entities. If you are not exempt from backup withholding, you can leave this box blank. Make sure to check the IRS instructions for the most current exemption codes.


What forms do employees need to fill out?

Employees typically need to fill out forms such as tax withholding forms (W-4), direct deposit authorization forms, emergency contact information forms, and benefits enrollment forms when starting a new job or making changes to their employment status.


How do you fill out Form W-2 if you are single with no dependents?

Form W-2 (Wage and Tax Statement) is filled out by the employer, not the employee. You're confusing it with Form W-4 (Employee's Withholding Allowance Certificate), which you as an employee fill out. For Single with no dependents, you check the Single option in Box 3. In Box 5, "total number of allowances you are claiming," enter 1 for yourself. That tells your employer to withheld tax at the Single rate, with 1 exemption for yourself and no dependent exemptions.


Do 1099 employees need to fill out a W4 form?

No, 1099 employees do not need to fill out a W4 form.