Hrmmmm, According to the IRS Pub 919 form, that is only LEGAL if you one, claim "Exempt"... Or if enough FEDERAL $ is withheld to cover within $1,000 or 90% of your tax liability for the year OR 100% of LAST year's liability. I call BS... Or you are hiding because you know what you are doing is illegal. Be careful... According to the irs website~ playing games with your W-4 may result in your/dh's employer has receiving a "lock in" letter from the IRS stating that their W-4 can have no more than 3 allowances. Good luck with that ANON.. Yikes!
YOU are the coward for posting and then closing your question before I could respond.
As I stated before, I'm posting anon so I don't get hate mail from all the anti-entitlement nuts. And if you want to see a screen shot of DH's LES, I'll be happy to show it. It is LEGAL because the income we receive is below a certain tax bracket which does NOT get taxed. In other words, even if they withheld, I'd get all that back at the end of the year. But since we claim a certain number of allowances - which are legal, we have a tax accountant from church who has confirmed this - we don't get money withheld. We aren't playing games - this is totally legal.
So I'm sorry that your Fair Tax PSA doesn't impress everyone.
Asked by Anonymous at 8:31 PM on Dec. 1, 2010 in Politics & Current Events
LOL..OK I saw who it was..she does it when she was bested! lol
Answer by sweet-a-kins at 9:01 PM on Dec. 1, 2010
Ummm, no~ I closed out 3 questions before I closed out that one and then I closed out 2 questions AFTER.... Your comments were diverting from the OP... So, I closed it, as I did others.. My peeps need their points, ya know..... ;o)
Anywho, since you were gracious enough to open another question just devoted to THIS.....Here is what I have from the IRS website, If an employee qualifies, Form W-4 is also used by the employee to tell you not to deduct any Federal income tax from his or her wages. To qualify for this exempt status, the employee must have had no tax liability for the previous year and must expect to have no tax liability for the current year.
Answer by Anonymous at 8:35 PM on Dec. 1, 2010
Answer by Anonymous at 8:46 PM on Dec. 1, 2010
lol....who closed....tell me tell me!! lol
Answer by sweet-a-kins at 8:58 PM on Dec. 1, 2010
Or I said, "Or if enough FEDERAL $ is withheld to cover within $1,000 or 90% of your tax liability for the year OR 100% of LAST year's liability."
Then I said be careful, because if you are "playing games with your W-4 may result in your/dh's employer has receiving a "lock in" letter from the IRS stating.. <----- BAD NEWS....
Answer by grlygrlz2 at 9:17 PM on Dec. 1, 2010
Answer by grlygrlz2 at 9:20 PM on Dec. 1, 2010