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Form NC-4 2017-2022: What You Should Know

In addition, the IRS announced that the 2018 Form W-4 and the 2017 Form W-4 were the only two currently effective forms for making employee withholding reductions after filing the 2017 Form W-4 because they are the only documents the IRS provides that provide guidance regarding employer withholding reductions when calculating nonresident alien employees' withholding obligations. The IRS also announced the 2017 Form W-4 and the 2017 W-4D as the only two currently effective forms for making employee withholding reductions after file the 2017 Form W-4. The IRS has not issued any guidance for making withholding reductions in 2018. The Notice 2018-14 provides the guidelines to employers when calculating an employee's withholding on Form W-4 and its guidance does not change any of the rules that apply to employers who previously filed Form W-4. Employers may now be able to calculate the total withholding for the eligible dependent of an employee under the IRS Guidelines and Publication 522 before submitting Form W-4 and Form W-4D. Employers can use the IRS Guidelines and Publication 522 to calculate withholding amounts in 2018 and calculate the withholding reduction they will owe employees for withholding on Form W-4 and W-4D. When calculating withholding for nonresident alien employees, payers must file Form W-3 for each qualifying employee. Additional Guidance Concerning Forms W-4, Employee's Withholding Allowance Certificate, and Other Forms The Tax Cuts and Jobs Act allows employers to make withholding reductions after submitting Form W-4 and Form W-4D. However, the IRS has not issued any guidance on Forms W-4, Employee's Withholding Allowance Certificate, or other forms for making employee withholding reductions in 2018. The Guidance issued on January 28, 2018, will not be available until 2018. To aid employers, employers should understand their current obligations and their new compliance options. This Guidance does not apply to employers who comply with the requirements in the Tax Cuts and Jobs Act and the Regulations implementing the Tax Cuts and Jobs Act; if your employer is still in compliance with the provisions of the Tax Cuts and Jobs Act, the Guidance does not apply. Employers who file Forms W-4 and W-4D before March 31, 2018, and are not in compliance with the requirements of the Tax Cuts and Jobs Act, may be subject to back-paid taxes and penalties on their payments for withholding tax in 2017.

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