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Questions tagged [withholding]

related to the practise at times required by law to deduct money upfront before paying the balance. Generally used in the context to taxes.

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128 views

CP542 backup withholding notice from IRS

I've just received an utterly bizarre letter from the IRS, excerpted below: Notice: CP542 Form: 1040 Tax Period Ending: 12-31-1985 Our records show you have reported and paid all tax ...
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0answers
2k views

Where on 1040 do I indicate withholding adjustments in a community property state (form 8958)?

My wife received a notice from the IRS indicating they contest the amount specified on line 64 ("Federal income tax withheld from Forms W-2 and 1099") of her 1040. I'm trying to determine if we need ...
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0answers
41 views

How can I notify the CRA of intent to contribute to an RRSP?

I currently have an RRSP through work that I contribute to. However, the amount is significantly smaller than my annual limit. I have a self-managed RRSP separately and contribute sizable amounts. ...
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0answers
58 views

Withholding Tax for Citizen of No Tax Treaty with US

I am a citizen and resident of Saudi Arabia, a country with no tax treaty with the US. I receive monthly royalties from Amazon as a designer in their print on demand platform (they sell t shirts of my ...
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0answers
32 views

Will backup withholding be applied in this scenario?

May be this is a very basic question but I couldn’t find exact scenario on web which I am looking for. What I know: If a US person (located or citizen of US) trades equity in market, then the broker ...
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0answers
480 views

FICA taxes withheld on F1 visa, employer said to give correct W2C moving withheld FICA to Federal? (Unique Case)

I was an intern at a company in 2016. I am currently on F1 visa (Non Resident Alien under 5 years) and therefore exempt fro SSN and Medicare taxes (FICA). My employer withheld these taxes and gave ...
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0answers
206 views

Is interest from US Savings Bonds subject to nonresident alien tax withholding?

A person received some US Series EE Savings Bonds when he was a child. He was always a nonresident alien for US tax purposes and he is not from a treaty country. The Bonds matured in 2001 and has ...
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0answers
63 views

Nanny Tax Withholding threshold

We hired a part time nanny in May. We expected to exceed the $1900 threshold and started deducting FICA taxes. Now at the end of the year, we've payed her less than $1600. Must I still file a w-2 for ...
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0answers
344 views

On California's form DE 4, should one not leave line 1 (Worksheets A and B) blank when using Worksheet C?

I'm switching to a new benefits provider, Sequoia One, so I need to fill out my W-4 and DE 4 again. At my previous provider, I filed as Single, whereas I'd actually like to file as Head of Household ...
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0answers
262 views

How to make sense of results from the IRS W-4 withholding calculator?

After entering all my data into the calculator, attempting to get a handle on how much we are going to owe next year, I received this summary, which makes no sense at all: If $947 will be due when I ...