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Subject Author Date Payroll GoBruins 10-22-2006  Re: Payroll GoBruins 10-22-2006  Re: Payroll Golden California Girls 10-22-2006  Re: Payroll TKnTexas 10-22-2006  Re: Payroll Golden California Girls 10-23-2006  Re: Payroll L 10-23-2006  Re: Payroll HeyBub 10-23-2006  Re: Payroll L 10-25-2006  Re: Payroll Steve Scott 10-25-2006  Re: Payroll TKnTexas 10-23-2006  Re: Payroll GoBruins 10-23-2006  Re: Payroll TKnTexas 10-23-2006  Re: Payroll GoBruins 10-23-2006  Re: Payroll Laura 10-23-2006  Re: Payroll GoBruins 10-23-2006  Re: Payroll Laura 10-23-2006  Re: Payroll HeyBub 10-23-2006
Posted by GoBruins on October 22, 2006, 8:28 pm Please log in for more thread options hi, i have a simple payroll question: is it possible for an employee to voluntarily change the number of withholdings in the middle of the year? thanks in advance. Posted by GoBruins on October 22, 2006, 8:29 pm Please log in for more thread options GoBruins wrote: > hi, i have a simple payroll question: > > is it possible for an employee to voluntarily change the number of > withholdings in the middle of the year? > > > thanks in advance. oops, i mean 'change the number of dependants claimed' in the middle of the year. Posted by Golden California Girls on October 22, 2006, 9:03 pm Please log in for more thread options GoBruins wrote: > GoBruins wrote: >> hi, i have a simple payroll question: >> >> is it possible for an employee to voluntarily change the number of >> withholdings in the middle of the year? >> >> >> thanks in advance. > > oops, i mean 'change the number of dependants claimed' in the middle of > the year. IIRC they can do this every day if they want to. All they do is hand you another W-4 and you must abide by it unless the IRS has sent you a notice, then you do what the notice says. Posted by TKnTexas on October 22, 2006, 9:31 pm Please log in for more thread options The number of dependents is one way for a person to control the amount of Federal tax withheld. A single person with a big mortgage might claim 6 dependents, having none in reality. I think if an employee claims more than 10 you have to send a copy in to IRS, or Social Security Administration. Just like a head of household claiming zero exemptions because they need more tax taken out of his checks. Back in the early 80s a coworker claimed 99. He took the extra money and invested it. He filed his tax return as soon as the W2s were ready and paid his taxes in full. The IRS doesn't want this happening. So hence the rule for dependents claimed exceeding 10. TK Golden California Girls wrote: > GoBruins wrote: > > GoBruins wrote: > >> hi, i have a simple payroll question: > >> > >> is it possible for an employee to voluntarily change the number of > >> withholdings in the middle of the year? > >> > >> > >> thanks in advance. > > > > oops, i mean 'change the number of dependants claimed' in the middle of > > the year. > > IIRC they can do this every day if they want to. All they do is hand you > another W-4 and you must abide by it unless the IRS has sent you a notice, then > you do what the notice says. Posted by Golden California Girls on October 23, 2006, 1:54 am Please log in for more thread options TKnTexas wrote: > The number of dependents is one way for a person to control the amount > of Federal tax withheld. A single person with a big mortgage might > claim 6 dependents, having none in reality. I think if an employee > claims more than 10 you have to send a copy in to IRS, or Social > Security Administration. Just like a head of household claiming zero > exemptions because they need more tax taken out of his checks. The send it in ten rule went away last year. The IRS now uses a computer check to be sure the worker is paying enough. Employer will get a letter if enough isn't being collected in advance. > Back in the early 80s a coworker claimed 99. He took the extra money > and invested it. He filed his tax return as soon as the W2s were ready > and paid his taxes in full. The IRS doesn't want this happening. So > hence the rule for dependents claimed exceeding 10. Yes, if everyone paid on April 15, the US would be bankrupt. Net 365, what a concept. > TK > > > Golden California Girls wrote: >> GoBruins wrote: >>> GoBruins wrote: >>>> hi, i have a simple payroll question: >>>> >>>> is it possible for an employee to voluntarily change the number of >>>> withholdings in the middle of the year? >>>> >>>> >>>> thanks in advance. >>> oops, i mean 'change the number of dependants claimed' in the middle of >>> the year. >> IIRC they can do this every day if they want to. All they do is hand you >> another W-4 and you must abide by it unless the IRS has sent you a notice, then >> you do what the notice says. > Similar Threads Posted fudging quickbooks payroll start date if not using qb payroll service September 29, 2006, 10:01 am how to add payroll entries if not using qb payroll? September 25, 2006, 10:12 am Payroll February 22, 2007, 9:47 am Payroll October 23, 2007, 1:58 pm payroll May 23, 2008, 1:48 pm Re: Payroll reports June 28, 2006, 12:59 am Payroll Taxes July 17, 2006, 5:34 pm Quickbooks and payroll October 11, 2006, 11:24 am Payroll Services? November 28, 2006, 3:42 pm Payroll Tax Credit December 2, 2006, 10:04 pm