2006-08-18 05:12:48 · 3 answers · asked by E-Daddy 1 in Business & Finance ➔ Taxes ➔ United States
I'm wondering if you mean W-4, where you enter your number of exemptions. Most companies will follow whatever you put on the form knowing that in the end you will have to pay tax whether it was withheld at the time of pay or you have to write a check at the end of the year. However, some companies that know the informaiton is false may refuse to accept the W-4. Sort of like there's no way you qualify for full exemption, or that you have 9 kids, or something like that. Or, they know that you want to get as much of your paycheck as possible and have no intention of paying your taxes.
Just remember, if this is the case, that when you sign that W-4 you are attesting to it's truthfulness and accurancy. Not only could you end up with a giant tax bill, but a fraud charge on top of it.
2006-08-18 07:00:54 · answer #1 · answered by misslabeled 7 · 2⤊ 1⤋
They have nothing to do with your 1040. You fill out a W-4 and they give you a W-2. They must follow whatever exemptions you tell them to.
2006-08-18 06:42:33 · answer #2 · answered by Barkley Hound 7 · 1⤊ 0⤋
They don't handle your 1040, they handle your W-2. Which tax exempt status are you?
2006-08-18 05:22:01 · answer #3 · answered by kcincon 3 · 0⤊ 0⤋