http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Fri, 04 May 2012 13:21:07 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://askcpasam.com/blog/2012/04/19/payroll_and_filing_status/ http://askcpasam.com/blog/2012/04/19/payroll_and_filing_status/#comments Thu, 19 Apr 2012 16:27:09 +0000 CPA Sam http://askcpasam.com/blog/?p=688 Q. The Indiana State Form WH-4 doesn’t have a place for the employee to indicate Married or Single.  However, our payroll system (ADP Enterprise) requires us to complete this with entering state tax information. The employee has indicated Married on the Federal W4 form so should we also use Married for the state? A. State W-4 [...]

]]> http://askcpasam.com/blog/2012/04/19/payroll_and_filing_status/feed/ 0 http://askcpasam.com/blog/2010/01/15/filing-status-what-is-that/ http://askcpasam.com/blog/2010/01/15/filing-status-what-is-that/#comments Fri, 15 Jan 2010 15:39:07 +0000 CPA Sam http://askcpasam.com/blog/?p=450 Q. My payroll person told me that the filing status on the W-4 doesn’t necessarily mean the same thing as my marital status.  Is that true?  What is filing status? A. Filing status on the W-4 and filing status on your tax return are not necessarily the same thing.  The W-4 drives withholding only.  The [...]

]]> http://askcpasam.com/blog/2010/01/15/filing-status-what-is-that/feed/ 0 http://askcpasam.com/blog/2009/01/28/alimony-taxable-income/ http://askcpasam.com/blog/2009/01/28/alimony-taxable-income/#comments Wed, 28 Jan 2009 14:32:46 +0000 CPA Sam http://askcpasam.com/blog/?p=260 Q. My divorce was finalized mid November…I do not work….how should my ex-husband and I file? We still live in the same house, although me and the kids upstairs, he downstairs…In our divorce decree, he gets to claim both kids as exemptions through 2010. As stated in the decree, he also must pay me temporary [...]

]]> http://askcpasam.com/blog/2009/01/28/alimony-taxable-income/feed/ 0 http://askcpasam.com/blog/2008/07/16/w-4-frequency/ http://askcpasam.com/blog/2008/07/16/w-4-frequency/#comments Wed, 16 Jul 2008 16:27:00 +0000 CPA Sam http://askcpasam.com/blog/?p=31 Q. My employer says I have to complete a new W-4 every year. Is this true? How often do I have to do this? It’s always the same. A. I’m amazed at how many questions come in regarding the Form W-4. This deceivingly simple document creates confusion for all levels of employees. In reality, you [...]

]]> http://askcpasam.com/blog/2008/07/16/w-4-frequency/feed/ 0 http://askcpasam.com/blog/2008/05/28/frequent-w-4-changes/ http://askcpasam.com/blog/2008/05/28/frequent-w-4-changes/#comments Wed, 28 May 2008 21:03:00 +0000 CPA Sam http://askcpasam.com/blog/?p=22 Q. My paycheck is never the same because I’m in sales. I’m always adjusting my W-4 to get the withholding right. Now my payroll department is telling me I have to wait a month before my changes are input. Is this legal? A. As I say all the time in this blog, the W-4 is [...]

]]> http://askcpasam.com/blog/2008/05/28/frequent-w-4-changes/feed/ 0 http://askcpasam.com/blog/2008/05/16/changing-your-withholding/ http://askcpasam.com/blog/2008/05/16/changing-your-withholding/#comments Fri, 16 May 2008 14:00:00 +0000 CPA Sam http://askcpasam.com/blog/?p=20 Q. I had way too much withholding last year and got a huge refund when filing my tax return. How do I change that? A. This blog is coming from the floor of the Exhibit Hall at the American Payroll Association 2008 Congress in Austin, TX. With almost 2000 payroll folks surrounding me, I get [...]

]]> http://askcpasam.com/blog/2008/05/16/changing-your-withholding/feed/ 0 http://askcpasam.com/blog/2008/05/07/w-4-options/ http://askcpasam.com/blog/2008/05/07/w-4-options/#comments Wed, 07 May 2008 15:13:00 +0000 CPA Sam http://askcpasam.com/blog/?p=19 Q. What does the box mean on the W-4 Form that says “Married but withhold at higher single rate?” A. This is one of the most frequent questions I get. The answer lies in an understanding of federal withholding. There are two withholding tables used by employers to withholding federal tax. One is for those [...]

]]> http://askcpasam.com/blog/2008/05/07/w-4-options/feed/ 0 http://askcpasam.com/blog/2008/04/24/form-w4-and-working-spouse/ http://askcpasam.com/blog/2008/04/24/form-w4-and-working-spouse/#comments Thu, 24 Apr 2008 21:50:00 +0000 CPA Sam http://askcpasam.com/blog/?p=15 Q. How do I complete the Form W-4 if my spouse is working or out of the country or retired? A. Keep in mind that what I can discuss here is very general due to the nature of the question. The Form W-4 as mentioned before is the road map your payroll department uses to [...]

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