if not, has anyone ever gotten in trouble for doing so?
2007-01-16 09:04:32 · 5 answers · asked by BK26 2 in Business & Finance ➔ Taxes ➔ United States
no, you can't.
2007-01-16 09:07:28 · answer #1 · answered by jseah114 6 · 2⤊ 0⤋
If you claim Exempt on the W-4, you do need to have some rational basis for doing so. If you do not, it is an offense. I haven't heard of anyone getting into trouble for this yet, but as the IRS only recently said they are looking at this area much more closely, it is still early.
May I suggest you don't volunteer to be the first to test this in the courts?!
2007-01-16 10:46:50 · answer #2 · answered by skip 6 · 1⤊ 0⤋
Not true for every person in every case. You can adjust your withholding by increasing the number of exemptions claimed to reduce your withholding, and a tax pro could help you figure out exactly where you need to be for the best results.
2007-01-16 09:58:25 · answer #3 · answered by hdsok 2 · 0⤊ 0⤋
If you would like to get audit by the IRS, do it. There are only certain conditions that a person can qualify for exempt.
2007-01-16 09:10:31 · answer #4 · answered by D S 4 · 0⤊ 0⤋
Not true for federal income tax. And you would get in trouble for doing so. Would be tax fraud.
2007-01-16 09:08:00 · answer #5 · answered by Blunt Honesty 7 · 0⤊ 0⤋