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Can't go wrong with that sovcit. (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

I’d argue that it’s perfectly fine to lie on those or to mark zero. It’s just a way to calculate tax withholding. If you follow it, you’re not likely to go wrong but if you don’t, it’s all on you

when you file taxes, you need to settle up, and that may be a shock if you haven’t withheld enough
there are rules for how much you had to have withheld, and that’s going to suck when they catch those fines

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

There's a HUGE difference between falsifying information (lying) on federal forms, and not having your employer withhold taxes on your paycheck.

The first option is federal criminal offense

The second option isn't

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)

IRS FAQs for W-4 say both that it’s not mandatory and how they’ll treat it if you just sign and return as in the example

I don’t believe a W-4 ever goes to the IRS, it just tells your employer how much in taxes to withhold from your pay. IRS doesn’t care, until it’s time to file taxes, then you’d better have complied with all tax regulations