Useful Forms & Resources

Form W-4 | Employee’s Withholding Allowance Certificate

Briefly described by the IRS – You may utilize this form so your employer can withhold the correct federal income tax from your pay.

Normally, when you start a new job your employer will ask you to complete one, but getting into the habit of reviewing your W-4 every year might prove beneficial, especially if your personal or financial situation changes.

How should I fill it out? – Is one of the most common questions we receive as tax professionals and there are definitely 2 scenarios to recap:

• You received a big bill in April. We’re sure you don’t want another, you may opt for the use of Form W-4 to increase your withholding. Identifying your allowances correctly is crucial to have the right amount of taxes subtracted from your pay.
• You received a large refund. Consider revising your W-4; there’s a possibility you might be parting ways with your wages more than needed. Utilize the form to reduce your withholding.

Click the button below or the image to download the latest version of the form.

Form source: Irs.gov

Form W-9 | Request for Taxpayer Identification Number and Certification

Rules diversify and adjust when it comes to different methods of earning income compared to traditional ones.

Common scenarios are self-employment, consultant work, and even real estate movements; these will require for this form to be filled since these activities will likely result in a variant of a 1099 form to be issued once the threshold is reached.

Essentially, a W-9 is used to verify a person’s name, address, and taxpayer identification number (TIN) for employment and subsequent income-generating purposes.

It is important to highlight that this form does not arrange for any tax withholding, which means that the individual (or entity) is responsible for ensuring accurate tax payments are made based on their specific circumstance.

We acknowledge many of these situations are often confusing; why not let the pros provide you with the guidance you need? Our family is always here for you every step of the way.

Click the image or the button below to download the latest W-9 version.

Form source: Irs.gov