Legal Question in Tax Law in Nevada

Regarding Tax issues

What do I do when my employer has

made a mistake regarding my list of

dependants when I have paperwork to

show proof there of?


Asked on 1/29/09, 10:22 pm

3 Answers from Attorneys

William Brownstein William H. Brownstein & Associates, P.C.

Re: Regarding Tax issues

Inform your employer of the mistake and prepare and file an amended withholding certificate. If the IRS assesses a penalty for underpayment of withholding you may have reasonable cause to avoid the penalties. With regard to the fact that your employer may have not withheld as much as it would have if it had the correct number of dependants, that is irrelevant because your pay check would have been higher as a result of the withholding of less for dependants. If the employer withheld more than had to be withheld you will get a bigger refund.

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Answered on 1/29/09, 10:49 pm
Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

Re: Regarding Tax issues

The first action you can take is to file a new W-4 with your employer. This will adjust your withholdings for the current year. When you have your tax return prepared, if you have a refund of more than $900 you should consider increasing your exemptions on your W-4. Check with you tax preparer.

This is really not a big deal in most situations.

I hope this helps!

Ron Cappuccio

http://www.TaxEsq.com

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Answered on 1/30/09, 1:58 am
Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

Re: Regarding Tax issues

The first action you can take is to file a new W-4 with your employer. This will adjust your withholdings for the current year. When you have your tax return prepared, if you have a refund of more than $900 you should consider increasing your exemptions on your W-4. Check with you tax preparer.

This is really not a big deal in most situations.

I hope this helps!

Ron Cappuccio

http://www.TaxEsq.com

Read more
Answered on 1/30/09, 1:59 am


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