W-4

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W-4

A form that employees fill out when starting a job in the United States. The form calculates the tax withholding from an employee's paychecks, depending on the number of persons in his/her household and the employee's expected filing status for that year. The W-4 form does not determine one's tax liability; one may receive a refund (or be required to pay extra) depending on his/her specific deductions, credits and income.
References in periodicals archive ?
Department of Health and Human Services maintains a database called the National Directory of New Hires (NDNH), which contains data from Forms W-4 for newly hired employees, quarterly wage data from state workforce and federal agencies, and unemployment data from state workforce agencies pertaining to persons who have applied for or received unemployment benefits.
The IRS no longer requires that you submit copies of Forms W-4 on which an employee claims 10 allowances or claims exempt from withholding and will earn over $200 a week.
Previous regulations required employers to submit certain employees' Forms W-4 to the IRS on the agency's written request.
The new temporary and proposed regulations no longer require an employer to submit any Forms W-4 to the Service, unless it receives a written notice requesting Forms W-4 for specific employees (TD 9196, 4/13/05).
For taxpayers who want to change their tax withholding, H&R Block prepares the necessary Forms W-4 for free.
For example, the Service is looking into cash transactions, S corporations and propriety of Forms W-4, Employee's Withholding Allowance and Atlantic City.
The municipalities, however, should require the employees to complete Forms W-4.
The predecessor must retain copies of Forms W-4 and W-5 and the "acquired" employees must supply the successor with new Forms W-4 and W-5.
Additionally, the predecessor must forward all Forms W-4 and W-5 for the acquired employees to the successor.
The predecessor must keep on file the Forms W-4 and W-5 provided by its former employees.
Employee Information Forms W-4 and I-9; and certain supplemental tax worksheets and schedules.