http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Mon, 16 Jan 2012 19:52:15 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://askcpasam.com/blog/2009/05/20/exempt-status-part-time/ http://askcpasam.com/blog/2009/05/20/exempt-status-part-time/#comments Wed, 20 May 2009 19:48:50 +0000 CPA Sam http://askcpasam.com/blog/?p=329 Q. Is it illegal to claim exempt status on my W-4 for a couple of paychecks? A. To get the answer to your question, we need to examine the statements on the W-4 relating to the exempt status.  Exempt means you will have no federal withholding on your paycheck.  It does not affect Social Security [...]

]]> http://askcpasam.com/blog/2009/05/20/exempt-status-part-time/feed/ 0 http://askcpasam.com/blog/2008/06/19/no-tax-withheld/ http://askcpasam.com/blog/2008/06/19/no-tax-withheld/#comments Thu, 19 Jun 2008 21:04:00 +0000 CPA Sam http://askcpasam.com/blog/?p=26 Q. My employer did not withhold any federal or state tax last year, just Social Security and Medicare. What do I do? A. This is really a serious problem. However, the number of ways you could get into this problem are many. First lets tackle the federal issue. Check with your employer to see what [...]

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