W-4

If you call any tax professional and ask, “How many exemptions should I claim on my W-4 form?” you should not expect a very accurate answer in the next 10 seconds. If you have a serious IRS matter it is worth the time and if necessary the expense to make sure you get it right. If you don’t have the right amount being withheld you could jeopardize your IRS settlement if you cannot pay your tax bill by April 15th of the next year.

Don’t just rely on your W-4 form to have the right amount withheld if you have not filed in several years. Keep a little in savings just in case and have your return prepared as close to February 1 so that if you do owe you have 10 weeks to come up with the money to pay your taxes on by April 15. The link to a W-4 form is provided here as a starting point for a discussion with us regarding what to claim. If you have tax problems and are seeking a settlement, it is worth the time and effort to get this filed correctly.