Quick Question

Elizabetharess

Do I need to send a copy of a W 4 when an employee claims over a certain amount of dependents. I know that a few years ago that was no longer required and want to make sure the regs are still the same.
Thanks and hurry!!!

allsteaks

Our guidelines say they can claim up to 7; 8 and above have to sent to IRS. But you need more opinions than just mine.

Elizabetharess

The IRS did away with the requirement about 4 years ago. I just need to know if that still remains in place. I don't send anything to the IRS unless required.
Thanks

Elizabetharess

Q1: In the past, as an employer, I was required to submit all Forms W-4 that claimed complete exemption from withholding (when $200 or more in weekly wages were regularly expected) or claimed more than 10 allowances. What Forms W-4 do I now have to submit to the IRS?
A1: Employers are no longer required to routinely submit Forms W-4 to the IRS. However, in certain circumstances, the IRS may direct you to submit copies of Forms W-4 for certain employees in order to ensure that the employees have adequate withholding. You are now required to submit the Forms W-4 to IRS only if directed to do so in a written notice or pursuant to specified criteria set forth in future published guidance.
I answered my own question. I knew that it was somewhere on the IRS link but it took awhile. So FYI to any of you, you don't need to notify the IRS anymore.

allsteaks

Thank you, that's good to know!!