>be grateful you didn't get socked with the $500 penalty for filing a false W-4.Ack! I thought you could claim any number of exemptions you want. When I read the article yesterday I thought I was only in danger of paying an underwithholding penalty. The W-4 form even says:" H: Add lines A through G and enter total here. NOTE: This may be different from the number of exemptions you claim on your tax return."I took that to mean you could legally put anything down and the worksheet was just a guide.Ive only done this since January 2000 so I think Im ok. With my school loan interest deduction I may still break even (I'll still have some money set aside).Oh well, if I didn't try it I wouldn't have known it was illegal. (hows that for logic..maybe I can use the same logic if I rob a bank).Thanks a lot for your help. You probably saved me some money down the road.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra