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n e w last stands for New Employee Withholding Allowance Certificate, it is a form used by employers to determine the amount of federal income tax to withhold from an employee's paycheck.
Employees are required to fill out a n e w last form when they start a new job or when their tax situation changes.
Employees need to provide personal information such as name, address, Social Security number, marital status, and withholding allowances.
The purpose of n e w last is to help employers withhold the correct amount of federal income tax from employees' paychecks.
Information such as name, address, Social Security number, marital status, and withholding allowances must be reported on the n e w last form.
The deadline to file n e w last in 2023 is typically within a few days of starting a new job or when a tax situation changes.
The penalty for late filing of n e w last can result in underpayment of taxes and potential fines from the IRS.
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