Bill wrote:

- quote -

I'm not entirely sure that employers are required to follow
the "additional withholding" instructions on the W-4. They
ARE required to follow any change in withholding allowances
or status (Single or Married) unless told by the IRS not to
follow an increase in allowances, but....

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"jay lee" <ephoto24[at]aol.com> wrote:

- quote -

Even if you underpay all year long, then have enough tax
taken out in December to cover the whole year , there would
be NO penalty. Withholding is treated as if withheld in
equal installments throughout the year. On the other side of
the coin: if you make all your money from self-employment in
the last few months of the year you have to send in a form
showing that you did not earn it equally throughout the
year.

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jay lee wrote:

I think I saw this question under a different poster name in
misc.taxes.

- quote -

Correct.

- quote -

Your husband can ask his employer; and, if his employer
complies, it should work IF you file a joint return in 2003.

- quote -

Only if you file a joint return for 2003.

--
This account is subject to a persistent MS Blaster and SWEN attack.
I think I've got the problem resolved, but, if you E-mail me
and it bounces, a second try might work.
However, please reply in newsgroup.

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Jay Lee posted:

- quote -

Don't know where you heard the 5k per month figure. IRS
rules are based on the amount of tax you will *owe*:
specifically, you must pay estimated tax if you will owe
$1,000 or more for 2003 *after subtracting withholding and
credits* -- and it applies to the taxable entity, which in
the case of a husband and wife MFJ, would be computed based
on your total obligation.

- quote -

As noted above, the calculation is based on your total
combined tax obligation, and since you will show a total
figure "withheld" supported by two W-2 forms, that total is
all that matters. Furthermore, your husband's employer
doesn't have to approve; rather, the employer can be
*instructed* to increase withholding.

- quote -

Asked and answered above.

Bill

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ephoto24[at]aol.com (jay lee) wrote:

- quote -

Sorry, Skip, no such thing. If you pay for a blip in income
it must be in the same quarter to avoid a penalty.

Jaylee. The withholding can come from either spouse
paycheck, any time as it is averaged over the year and if it
equals last year's tax (if AGI is over $150K last year, it's
110% of last year's tax), or 90% or within $1,000 of this
year's tax, it is sufficient to avoid a penalty.

Ed

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If you make over 5k a month you must pay estimated taxes I
heard, however, I heard you can avoid it if you pay AT LEAST
your total tax liability last year (line 61 for total tax on
irs tax form), through federal withholdings with your
payroll.

My question is. If I have $122 federal income tax withdraw
from my payroll now and my husband has $722 federal tax
withdraw from his payroll now, Is it possible to tell my
husband's employer (if he does allow it) to take out an
extra $300 per per pay period (till december 31) so then by
the end of the year, I won't be faced with an estimated tax
penalty for not filing estimated tax returns?

Also, for the tax penalty, since it is me but not my husband
that makes my money, does his federal income tax withdrawal
from his payroll count towards mind so that I can reach my
tax liability for the previous year allowing me to not face
interest rate charges.

Thanks for any help you may provide

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