Can I fight my employer for not handling the books properly? I work for a restaurant part time and they didn't hold enough for federal or state taxes and continued to give me paychecks.... Are they responsible to some extent for taking enough money out of my checks for tax? HELP!!! :( Im trying to save for a wedding and dont wanna hand it all over to uncle sam!
2007-02-08 06:29:32 · 7 answers · asked by inflateablewoman 1 in Business & Finance ➔ Taxes ➔ United States
It is your responibility to have your W4 completed correctly, the employer takes taxes out based on what you claimed on the W4.
2007-02-08 06:36:14 · answer #1 · answered by Anonymous · 1⤊ 1⤋
What's on your W4? Your employer withholds according to what you specify on the W4. People are classic for having way more exemptions than need be in order to bring home more of the paycheck and then scream at tax time about not enough being withheld. Also, did you properly record all tips received? If not, your employer added an estimation of tips received into your taxable income in Box 1. Start writing down all tips received henceforth and double check your W4.
2007-02-08 14:35:09 · answer #2 · answered by Carlover29 3 · 1⤊ 1⤋
If they didn't take enough out for taxes, it means that you got a bigger paycheck each week, so you may as well use that extra paycheck money to pay your taxes this year. Next year, claim 0 for exemptions on your W-4. They'll take more out of each paycheck and you're more likely to get a refund.
2007-02-08 14:39:51 · answer #3 · answered by ElGuapo222 3 · 1⤊ 1⤋
Come on, you're responsible for your finances, not your boss. Make certain the elections you made in regard to exemptions and withholding are accurate. Your employer doesn't just pull numbers out of a hat to figure out how much to withhold; there are specific guidelines given how much you make and the withholding elections you make.
2007-02-08 14:34:40 · answer #4 · answered by Box815 3 · 2⤊ 1⤋
withholding is your screwup.
When you fill out your tax info at your job (W-4) there is a box that asks marital status, dependents, and how much additional to withhold. You can change it anytime, but it only affects the withholding on pay AFTER the change.
2007-02-08 14:36:32 · answer #5 · answered by Sarge1572 5 · 0⤊ 1⤋
box 815 is right. accept responsibility for your own actions and financial situation. if you know you are getting too much in your paycheck then SAVE it, or change your withholding status on your W-4.
2007-02-08 14:59:35 · answer #6 · answered by Ovrtaxed 4 · 1⤊ 1⤋
No you are responsible for your own $$$ are you kidding me?? Why would your boss hold more $$$ from your check to give in taxes, if you didn't tell him to?
2007-02-08 14:37:41 · answer #7 · answered by Anonymous · 1⤊ 1⤋