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What else can I help you with?
When are taxes taken when you have money taken out for a 401-k deduction?
Taxes are imposed when you file your income tax return at the end of the year. Often, people think they have paid taxes on their 401K when they withdraw money from the plan. What happens is that the company handling the 401K plan will usually withhold federal income tax when you make a withdrawal. The taxes withheld is just like when taxes are withheld from your paycheck, in that this is merely a time that you make a preliminary payment toward your potential tax bill. When you file your return is when your actual taxes due are determined and based on the tax amount due, you may owe more or you may receive a refund of the amount you had withheld. You must be careful in that there are penalties for not paying close to the amount due during the year when the income is received.
What happens if you lose your W2?
You can use your last pay stub, if available. If you need a copy of your W-2, it's best for you to request a replacement from your employer because that copy will have all the information you need. Your employer may charge you a small fee for this copy. Some employers or their payroll service provider have W-2s available on-line to their employees. If the employer is out of business, you can obtain a free wage transcript from the IRS. This will give all the information from the W-2 except for the state tax withheld. To get state tax withheld, you can use your last pay stub for that tax year as proof of how much was withheld. Alternatively, the state may have a record of how much was withheld on your behalf, but not all states track it. The Social Security Administration may be able to provide you with a copy, but their fees are quite high.
What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
What happens if you don't have your last paycheck stud to use for your tax filing?
Stud? lol You will get a W-2 form from that employer. That is what you have to have... not just your last pay stub. Call and ask if they have it or if thy have mailed it. They use your last know mailing address. So, if you have moved, it may be lost.
Can they hold your check if you dont write a letter of resignation?
In the United States, an employer cannot legally withhold a departing employee's paycheck; in some states, the employer must pay the employee all of the wages due him on his last day. There may be a narrow exception in some jurisdictions for cases in which the company loaned or advanced money to the employee, and there is no way to recoup the loan except by a deduction from the final paycheck. But an employer cannot withhold a paycheck from an employee simply because he did not write a letter of resignation. If this happens, an employee should file a complaint with his state's Department of Labor. The employer may subject to fines. For specific information about your state, visit the Labor Law Talk forums and look for your state's discussion board.
What happens if no federal taxes are taken out of my paycheck?
If no federal taxes are taken out of your paycheck, you may owe a large amount of money to the government when you file your tax return. It is important to ensure that the correct amount of taxes are withheld from your paycheck to avoid penalties and interest.
What happens to the money when its withheald?
Money that is withheld is put on hold. This money is stopped from going to the person.
What happens if you claim 0 on line A of a W 4?
Line A is in the 'Personal Allowances' section. Most people put 1 there, but sometimes people put zero, even when they don't have to, if they want more deducted, to avoid owing tax or to get a bigger refund. Higher numbers in the personal allowances section mean less withholding from a paycheck. Lower numbers in personal allowances mean more money is withheld from the paycheck. Zero is the lowest possible number.
What happens if your report card is withheld?
get a scissor and cut in pieces and throw it in the carbage and say to your parent that your teacher didn't gave it to you ;)
What happens to the parents lending out their children for others income taxes?
Could cause some problems for both taxpayers that are involved in this matter.
What happens to the money that your employer withholds from you paycheck?
Your employer sends it to the federal government to help your income tax bill
What happens if you dont follow correct uninstall procedures?
What happens if you don't follow correct uninstall procedures
How do you spell happens or occurs?
The correct spellings are 'happens' and 'occurs'.
What happens to people who dont believe in the correct religion?
There is no "correct" religion.
What happens if you don't include a w2 on your tax return?
Amend and correct it. First, it's bound to show up as the IRS gets the swme info and matches it. Second, you were withheld on the income shown on a W-2, probably at a higher amount than you need to pay, so you likely have a refund coming from it.
When are taxes taken when you have money taken out for a 401-k deduction?
Taxes are imposed when you file your income tax return at the end of the year. Often, people think they have paid taxes on their 401K when they withdraw money from the plan. What happens is that the company handling the 401K plan will usually withhold federal income tax when you make a withdrawal. The taxes withheld is just like when taxes are withheld from your paycheck, in that this is merely a time that you make a preliminary payment toward your potential tax bill. When you file your return is when your actual taxes due are determined and based on the tax amount due, you may owe more or you may receive a refund of the amount you had withheld. You must be careful in that there are penalties for not paying close to the amount due during the year when the income is received.
Is correct to write That happens for not to read the complete sentence?
No, the correct way to write the sentence would be: "That happens because I did not read the complete sentence."
