Fix Electronically Signing Form W-4 For Free

Submit a new Form W-4 to your employer if you want to change the withholding from your regular pay. Complete Form W-4P to change the amount withheld from pension, annuity, and IRA payments. Then submit it to the organization paying you.

You may use our Get an IP PIN online tool to retrieve your current IP PIN. If you don't already have an account on IRS.gov, you will be asked to register for an account and validate your identity. If you previously created an online account and obtained an IP PIN, access Get an IP PIN and log in to your account.

There is a $500 civil penalty for employees claiming excess withholding allowances on Form W-4. Criminal penalties can apply when an individual willfully supplies false withholding information or fails to supply withholding information.

It might be hard to believe that failing to withhold, deposit, report, or pay these taxes can result in harsh penalties including potential criminal liability, huge fines, and possible jail time.

4 is the IRS document that you complete for your employer to determine how much should be withheld from your paycheck for federal income taxes. Accurately completing your W4 can help you avoid overpaying your taxes throughout the year, or even owing a large balance at tax time.

The IRS has authorized the use of electronic signatures on W4. Employers, thus, who are capable, can establish a system for its employees to file W4 electronically.

If W-4 information is incorrect, the amount an employer decides to withhold for that employee could be as well. Withholding errors fall into two categories: over-withholding or under-withholding.

Incorrect information such as an overcount of dependents or omitting consideration of significant income with no withholding like interest or dividends can lead to withholding that falls short of the taxes you owe for the year, possibly resulting in a penalty for underpayment.