9:46am PST SaintOres.com I wish I had a lot of things when I was younger, but I think a W-4 video was far down on my list. Thanks for the nice comment....
I have been self employed for 25 years. I have a machine shop near Eugene. My part time office manager is nearing retirement and I am thinking I need to learn some of what goes on in her office. Channels such as yours are a big help to guys like me. Keep the videos coming! @@KatieStOresCFPChFCEA
Thanks Tasha. I don't get too many 'awesomes' and 'hearts' in the same comment. Funny thing is I really don't like doing videos. Give me a complicated tax return and I'm happy.
Thank you so much for the info! Just have one clarification, is it ideal or “safe” to just leave steps 2-4 blank or zero? In our case, there are only total of 2 jobs (husband - 1 job & me- 1 job) and filing status is Married filling jointly. Thank you!
Yes. It is the most common method. Keep an eye on your withholding on your future paystubs, you can always submit another W-4 if it doesn't look accurate.
Hello Tulsi, Great choice in becoming an EA, however I do not have any videos concerning enrolled agents. To get my EA, I found it was helpful to use Fast Forward Academy. Give them a shot and good luck.
What can I do if I had my child from July 5th until the end of the year and her father did not contribute to the home but he filed taxes with her as his dependent?
Hello Katie quick question if we filled married filing jointly and my husband only works he makes like 77,500 We have 3 kids under 17 and we multiply that by 2,000 it equals to 6,000 They are now taking less out his paycheck like $17 from FDW and I am concern they used to take out $178 almost $200 but that when he hadn't updated his w4 and he was filling single with no dependents Will we have to pay the irs back those 6,000 at end of the year
Hello GodsProvision, I can provide only a general answer here. The CTC (Child tax credit) cannot be used to directly pay off unpaid taxes. So, the $6,000 received from the CTC won't go towards any tax debts. However, if you have unpaid taxes, your tax refund (including the refundable part of the CTC) can be used to offset the amount you owe.
@@KatieStOresCFPChFCEA okay thank you so much yeah we don’t owe taxes at all we were just concerned that ever since he updated his w4 we wanted a bigger pay check and smaller tax refund we were afraid we would have to pay the 6,000 for our dependents back because a lot of people say that but any how thank you for giving me that peace of mind
Since you just updated his W-4, keep an eye on the withholding in the following weeks. It's important to avoid any surprises when filing your income taxes.. You can always submit another W-4 if it doesn't look correct. Another option is to use the IRS Withholding calculator. This would give you a very accurate insight. Here is the link to the calculator. www.irs.gov/individuals/tax-withholding-estimator
Hi Vinlago, you can try using the "Simplified Tax Calculator." There are several options available on the internet. This tool provides a less comprehensive estimate of your tax liability, but it can be helpful if you need a rough estimate.
Hello Vinlago, The correct way to approach it is to either fill out Form W-4V (for withholdings from your social security payments) or pay estimated taxes quarterly. Form W-4V allows you to choose a desired withholding amount, while estimated taxes are suitable for those whose needs are not met by W-4V. You can find the IRS resources and tools to estimate taxes and make payments electronically on their website.
@@KatieStOresCFPChFCEA ok thanks. We'll try that. (Rather than have taxes withheld from soc security we were going to adjust tax withholding from the full time job using a W-4. After retiring in a few years, then he may do a W-4V.)
Hi, I have a question, I listed Social Security is an income. I get a retirement and have a job. On the estimator is asking for me to use my Social Security statement and enter the total federal income taxes withheld year to date. I have the statement from the SSA website but I don’t know how to read it. I don’t know what number I’m supposed to put down.
Hello Joycelyn, To find the total amount of federal income taxes withheld from your Social Security statement you need to locate Box 6 of the SSA-1099 form. This box shows the voluntary benefits withheld and paid for federal income tax purposes.
Hello All in One, In general no, you do not need a special license from the US to work from India. However, you must comply with all applicable US tax laws and regulations.
Hello Tiffany, The IRS isn't picky and will accept money from everyone. Homeless people with jobs can still file their taxes, even without a permanent address. The IRS understands this situation and offers options for them to file. --- While a permanent address isn't mandatory, you do need a mailing address on your tax return. This is where the IRS will send any communication or potential refund. Here are some possibilities: ---Shelter Address: Many homeless shelters allow residents to use their address for tax purposes. ---Trusted Friend or Family: You can list the address of a trusted friend or relative who can receive your tax documents. ---Day Center or Social Service Agency: Some day centers or social service agencies may offer a mailing address option for tax purposes.
@@KatieStOresCFPChFCEA I have a permanent bed in a homeless shelter where I can receive mail but I was just curious about those who have to sleep in tents.
Hello DeLyrics, I have a video on How to get and EIN but that won't help you much since you are in Indonesia. So... To get EIN as a foreign person, you must fill out the IRS Form SS-4 Application for Employer Identification Number (EIN). You can only file this form online if you have an ITIN or SSN. According to the IRS instructions for Form SS-4: “If you have NO legal residence, principal place of business, or principal office or agency in the U.S. or U.S. possessions, you may call 267-941-1099 (not a toll-free number), 6:00 a.m. to 11:00 p.m. (Eastern Time), Monday through Friday, to obtain an EIN.”
Hello DeLyrics, First, I am not sure what you mean by 'pending' salary. Registering for an EIN does not exempt you from paying taxes. You will still need to file and pay all APPLICABLE federal and state taxes, regardless of whether you have an EIN.
@@KatieStOresCFPChFCEA So, my salary hasn't been paid because I don't have an EIN yet. After I asked the finance department, they said I wasn't charged tax because I wasn't from America and didn't live in America
It's impossible for me to comment on specific situations on RUclips. Keep in contact with the HR dept of your company to get everything straightened out. Make sure you are treated fairly and get your salary. Then pay tax if needed.
9:56am PST SaintOres.com Hello Penn woman. You have a few options. I think the first is the best if it works. Option 1. First you should try using the IRS tax withholding estimator. That might save you from the second and third options. Here is the link www.irs.gov/individuals/tax-withholding-estimator. Option 2: The IRS offers Publication 505, Tax Withholding and Estimated Tax. This publication includes more complex tables to calculate withholding for scenarios with multiple jobs exceeding $120,000. Option 2... It might also help if you considered consulting a tax professional in this case.
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Wish I had this when I was younger! Great video!! Thanks
9:46am PST SaintOres.com
I wish I had a lot of things when I was younger, but I think a W-4 video was far down on my list. Thanks for the nice comment....
Very useful Video. Thanks Katie. Have a wonderful day!
Thanks Jack, Glad it was helpful! And you have a great day also....
I finally understand how to fill it out, extremely helpful video- new sub
Thanks Livy, I"m glad it helped! And welcome aboard.
Very helpful ! Thanks
Thanks Tyson, Glad it was helpful!
Thanks for the tips
Thanks Tyson.... and you're welcome.
Thanks for posting a good video. Very informational as always. I did not know that the exemption was only valid for 1 year.
Hello again Reelman, Lots of people always ask about the exemption.... And thanks for the nice comment.
I have been self employed for 25 years. I have a machine shop near Eugene. My part time office manager is nearing retirement and I am thinking I need to learn some of what goes on in her office. Channels such as yours are a big help to guys like me. Keep the videos coming! @@KatieStOresCFPChFCEA
You are awesome for this ❤
Thanks Tasha. I don't get too many 'awesomes' and 'hearts' in the same comment. Funny thing is I really don't like doing videos. Give me a complicated tax return and I'm happy.
Nice every video plz update new information related to tax.. thankyou 😊
Hello Darshani, The 'Draft' Form W-4 for 2024 was just released, I will do a video of that when the IRS finalizes the Form.
Thanks…😊
No problem 😊
I love looking at her teach
Thank you so much for the info! Just have one clarification, is it ideal or “safe” to just leave steps 2-4 blank or zero? In our case, there are only total of 2 jobs (husband - 1 job & me- 1 job) and filing status is Married filling jointly. Thank you!
Yes. It is the most common method. Keep an eye on your withholding on your future paystubs, you can always submit another W-4 if it doesn't look accurate.
Do teach enrolled agent courses as well or do u have any recorded videos for the same
Hello Tulsi, Great choice in becoming an EA, however I do not have any videos concerning enrolled agents. To get my EA, I found it was helpful to use Fast Forward Academy. Give them a shot and good luck.
Can I email you question's about my w-2 and w-4 are you able to help me to get a better understanding how to fill it out.
What can I do if I had my child from July 5th until the end of the year and her father did not contribute to the home but he filed taxes with her as his dependent?
Hi ! I am single I don't have any kids, can I just zero everything out?
Hello Kervenson. Yes ---Sounds like all you need is to do 1 and 5.
Hello Katie quick question if we filled married filing jointly and my husband only works he makes like 77,500
We have 3 kids under 17 and we multiply that by 2,000 it equals to 6,000
They are now taking less out his paycheck like $17 from FDW and I am concern they used to take out $178 almost $200 but that when he hadn't updated his w4 and he was filling single with no dependents
Will we have to pay the irs back those 6,000 at end of the year
Hello GodsProvision, I can provide only a general answer here. The CTC (Child tax credit) cannot be used to directly pay off unpaid taxes. So, the $6,000 received from the CTC won't go towards any tax debts. However, if you have unpaid taxes, your tax refund (including the refundable part of the CTC) can be used to offset the amount you owe.
@@KatieStOresCFPChFCEA okay thank you so much yeah we don’t owe taxes at all we were just concerned that ever since he updated his w4 we wanted a bigger pay check and smaller tax refund we were afraid we would have to pay the 6,000 for our dependents back
because a lot of people say that but any how thank you for giving me that peace of mind
Since you just updated his W-4, keep an eye on the withholding in the following weeks. It's important to avoid any surprises when filing your income taxes.. You can always submit another W-4 if it doesn't look correct. Another option is to use the IRS Withholding calculator. This would give you a very accurate insight. Here is the link to the calculator. www.irs.gov/individuals/tax-withholding-estimator
How do you increase withholding for social security benefits? Regular social security retirement beginning Feb.
Current job earning between 40-50k.
We tried the IRS tax estimator but after step 1 it just hangs and never goes to the next step.
Hi Vinlago, you can try using the "Simplified Tax Calculator." There are several options available on the internet. This tool provides a less comprehensive estimate of your tax liability, but it can be helpful if you need a rough estimate.
I know that the first version IRS estimator was a little unstable but I thought they solved that with the latest version. Thanks for letting me know.
Hello Vinlago, The correct way to approach it is to either fill out Form W-4V (for withholdings from your social security payments) or pay estimated taxes quarterly. Form W-4V allows you to choose a desired withholding amount, while estimated taxes are suitable for those whose needs are not met by W-4V. You can find the IRS resources and tools to estimate taxes and make payments electronically on their website.
@@KatieStOresCFPChFCEA ok thanks. We'll try that.
(Rather than have taxes withheld from soc security we were going to adjust tax withholding from the full time job using a W-4. After retiring in a few years, then he may do a W-4V.)
If I do married filing separately with 1 dependent (child) does it consider less deduction from federal?
In general, every dependent will result in less money being taking out of your paycheck.
Hello professor. I have a doubt regarding consignment account topic related. How can I co-ordinate with you?
Hello Right to learn person, I'm not sure what you mean by "consignment account" concerning a W-4.
Professor how can I sent my question photo so you can solve??😒😒
Hi, I have a question, I listed Social Security is an income. I get a retirement and have a job. On the estimator is asking for me to use my Social Security statement and enter the total federal income taxes withheld year to date. I have the statement from the SSA website but I don’t know how to read it. I don’t know what number I’m supposed to put down.
Hello Joycelyn, To find the total amount of federal income taxes withheld from your Social Security statement you need to locate Box 6 of the SSA-1099 form. This box shows the voluntary benefits withheld and paid for federal income tax purposes.
@@KatieStOresCFPChFCEA THANK YOU!
Which reportable on form ssa..??
Mam, do I need any licence to work remotely from india
Hello All in One, In general no, you do not need a special license from the US to work from India. However, you must comply with all applicable US tax laws and regulations.
Mam, Actually I have been asked for different employers whether I have work licence or not like ptin or efin but I could not reply
Homeless people who have jobs who sleep in tents. How do they file for taxes with no address??
Hello Tiffany, The IRS isn't picky and will accept money from everyone. Homeless people with jobs can still file their taxes, even without a permanent address. The IRS understands this situation and offers options for them to file.
--- While a permanent address isn't mandatory, you do need a mailing address on your tax return. This is where the IRS will send any communication or potential refund. Here are some possibilities: ---Shelter Address: Many homeless shelters allow residents to use their address for tax purposes.
---Trusted Friend or Family: You can list the address of a trusted friend or relative who can receive your tax documents.
---Day Center or Social Service Agency: Some day centers or social service agencies may offer a mailing address option for tax purposes.
@@KatieStOresCFPChFCEA
I have a permanent bed in a homeless shelter where I can receive mail but I was just curious about those who have to sleep in tents.
If yes, how to get it
Just make sure you pay taxes if you have to.
Hi, I work remotely from Indonesia and now my salary is pending because I don't have EIN. How to create an EIN ?
Hello DeLyrics, I have a video on How to get and EIN but that won't help you much since you are in Indonesia. So... To get EIN as a foreign person, you must fill out the IRS Form SS-4 Application for Employer Identification Number (EIN).
You can only file this form online if you have an ITIN or SSN. According to the IRS instructions for Form SS-4: “If you have NO legal residence, principal place of business, or principal office or agency in the U.S. or U.S. possessions, you may call 267-941-1099 (not a toll-free number), 6:00 a.m. to 11:00 p.m. (Eastern Time), Monday through Friday, to obtain an EIN.”
@@KatieStOresCFPChFCEA If I have registered for an EIN, do I still have to pay taxes?
Hello DeLyrics, First, I am not sure what you mean by 'pending' salary. Registering for an EIN does not exempt you from paying taxes. You will still need to file and pay all APPLICABLE federal and state taxes, regardless of whether you have an EIN.
@@KatieStOresCFPChFCEA So, my salary hasn't been paid because I don't have an EIN yet. After I asked the finance department, they said I wasn't charged tax because I wasn't from America and didn't live in America
It's impossible for me to comment on specific situations on RUclips. Keep in contact with the HR dept of your company to get everything straightened out. Make sure you are treated fairly and get your salary. Then pay tax if needed.
What if lower paying job surpasses $120,000?
9:56am PST SaintOres.com
Hello Penn woman. You have a few options. I think the first is the best if it works. Option 1. First you should try using the IRS tax withholding estimator. That might save you from the second and third options. Here is the link www.irs.gov/individuals/tax-withholding-estimator. Option 2: The IRS offers Publication 505, Tax Withholding and Estimated Tax. This publication includes more complex tables to calculate withholding for scenarios with multiple jobs exceeding $120,000. Option 2... It might also help if you considered consulting a tax professional in this case.
Create the video direct fees
Yes... Thanks, will do