Abby Normal

Adjusted for inflation, too. https://www.ssa.gov/cgi-bin/awiFactors.cgi

Too inconvenient.

ATXKristin CCH Small Firm Services Posts 5,955 Re: state tax withholding more than 4 states Just to let you know, we have expanded the W2 input worksheets for next year to accommodate up to 10 states instead of just 4.

Your employer know what your wages are. It seems the goal of this form was to have your employer do a projected tax return for you, to see how much tax you really should be having withheld. Except for being able to enter the child tax credits, I don't care much for this form. People were used to changing allowances to adjust their withholding up or down. Now the only way to decrease withholding is to enter an amount on lines 6 or 7, unless they'll allow a negative amount on line 9... but I wouldn't trust the payroll department to enter it as a negative. So, basically, you'll have to lie to decrease your withholding.

I just re-read the instructions and I'm confused about how this is going to work. In the example of a married couple with 3 jobs, you choose married and report the 2 lower paying jobs on the highest paying job's W4. Then the middle paying job, reports the lowest paying job, which means it's been reported on two W4s. And the lowest paying job reports no income from other jobs. It seems like they're going to increase the withholding on the higher paying jobs to make up for the under-withholding on the lower paying jobs. That's 100% opposite of how I think it should be done, but if it results in reasonable withholding in total, I guess that's ok. The more I think about this, the less I like it.

ADP has an article on this: Employees will be “strongly encouraged, but not required” to complete a new W-4 for 2019. Employers will still be able to use 2018 and prior Forms W-4 for employees that don’t complete a 2019 W-4. As a result, payroll systems will need to maintain both 2018 and 2019 withholding systems and calculations simultaneously.

Primarily, yes. If you choose single and no other income is listed, you get the new standard deduction (or some portion of it-remains to be seen), and taxes are calculated based on the single tables. This will be the default for most people going forward who either can't or don't want to let their employers and HR departments know about their other income or spouse's income. They've managed to make the W4 more complicated than it was. I've always pushed for simplification. <sigh>

I have 2 Savin 3300d printers that are 8 years old and still going strong. I bought them because Brother printers didn't always do envelopes well and the two employees who have those printers do a lot of envelopes. They were only 279 each. One has the Savin label on it and the other says Ricoh, but they're the exact same printer.

Indeed. QuickBooks and all the other payroll software will have to program for these new rules. I'm curious to see if the full standard deduction will be part of the withholding calcs once again. It used to be, but about 20 years ago they changed it to be a small fraction of the standard deduction, so less people would owe when filing, saving on collection efforts and processing payments. I'm still concerned about all the under-withholding that's happening in 2018. Taxpayers who were losers under the new law, still saw their withholdings go down.

My point was, that flat dollar amounts are only good for salaried people, and hourly people with a steady schedule. It's crazy for people who work overtime one week and very little the next week. For them, a percentage would be better. Also, the instructions say to just leave 5-8 blank if you want to use a flat amount. It's gonna be messy at first.

I almost clicked on one the other day. It was from a client and the link was to a Google drive file, even when I hovered over the link. But her AOL email account had been hacked. So, yes, best to never click on any links or attachments, and use good malware protection.

I'll advise married two-income couples to both choose single and just list their own wages. With the married brackets being twice the single brackets, it should get them close. If not, adding a flat additional amount is an easier solution than playing around with allowances.

I just submitted a comment to split line 9 into 9a-flat amount and 9b flat %, that you can choose one or the other. It will never happen but I had throw my two cents out there.

I was discussing this at lunch and threw out $45, but that's more for low wage hourly workers, that you can do in 5-10 minutes. The problem with a flat amount per paycheck is hourly workers whose hours can vary a lot. So unless the dollar amount is prorated based on hours, smaller paychecks would get crushed.

I love that you can now just enter an amount you want withheld and not bother with the rest of the form. I tell my clients all the time how much they need withheld per paycheck and they always ask how they do that. Now they can just put that amount on a W4 and be done. It will be interesting to see the withholding calculations that accompany this. Will it be difficult to calculate manually? Married people with other income are likely not going to choose to let their employers know those amounts. I wanted a redesign of this form but this isn't it. I would have just two lines for withholding, one for dollar amount you want withheld and one for % you want withheld, and you choose whichever works best for you. I like the idea of everyone knowing what percentage their taxes actually are.

https://www.irs.gov/pub/irs-dft/fw4--dft.pdf

Yeah, but do we really want Amazon being our only retailer? I'm a Prime member and do buy from Amazon, but I like to support other good retailers as well. And you have to watch Amazon prices on some items, but it's a good place to read product reviews.

LLCs usually file articles of cancellation. Corporations dissolve. Almond Joys have nuts.

Monoprice has good toner prices, too. Can't vouch for quality as I've never purchased any. I found them when I was looking for cables and they had the best prices by far. https://www.monoprice.com/search/index?segmenttype=b2b&amp;keyword=toner

You win.

You don't have to let them touch your computer, just have them in the room with you. Then fill out the form together and bill him for your time.

The only 'soft drive' I know of is in baseball. We used to have floppy disks.

Wow, those are expensive. I always buy the $100 ones. I have the HL2360 now.

Maybe you're using crappy paper. It's not good for printers.

The IRS should have cleared this up years ago by finalizing the proposed regulations. I had an audit of an LLC member who was not active in the business at all, and the IRS agreed with me that the member was not subject to self-employment (SE) tax. The agent told me that the IRS was using a 'facts and circumstances' decision making process for these cases.