You can also use Form W-4 to prevent your employer from withholding any money from your paycheck, but only if you are legally exempt from withholding because you had notax liabilityfor the previous year and expect no tax liability for the current year. Revising Form W-4 Y...
You still need to complete steps 1 and 5. Also, you’ll need to submit a new W-4 every year if you plan to keep claiming exemption from withholding. » MORE: See more about what it means to be tax-exempt and how to qualify What is the difference ...
Taxpayers must use legit tax ID numbers. Using a "borrowed," stolen, or made-up tax ID number would equate to lying under oath and result in serious consequences. 2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been noti...