Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Other Taxes

Is a business liable if they don't take the correct tax out during the year?


I worked for a business that wasn't taking enough taxes out of my check. When I filed my taxes I owed them because they didn't take enough out during the year.

Unfortunately the company is not liable. You are the one who signed the W-4 form. It is the individual who must determine what is to be withheld for Federal tax purposes. If not enough is being taken out of each paycheck, you may submit a new W-4 asking for an additional amount be taken for taxes, over and above the normal deductions (i.e. and extra $5 per paycheck).
no, you're liable.
it isn't a big deal though if they don't decide you were criminal, you just pay the money, and the interest it would have earned, and maybe a few bucks penalty.
but you're supposed to be in charge of the withholding yourself.
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