Your signature Date Cat. No. 10225T Form W-4P 2012 Page 2 Deductions and Adjustments Worksheet Note. Your previously filed Form W-4P will remain in effect if you do not file a Form W-4P for 2012. What do I need to do Complete lines A through G of the Personal Allowances Worksheet. When should I complete the form Complete Form W-4P and give it to the payer as soon as possible. Get Pub. 505 Tax Withholding and Estimated Tax to see how the dollar amount you are having withheld compares to your...projected total federal income tax for 2012. This is the additional annual withholding needed. 9 Divide line 8 by the number of pay periods remaining in 2012. For example divide by 12 if you are paid every month and you complete this form in December 2011. Enter the result here and on Form W-4P line 3 page 1. 505 Tax Withholding and Estimated Tax to see how the dollar amount you are having withheld compares to your projected total federal income tax for 2012. You also may use the IRS Withholding...Calculator at www.irs.gov/individuals for help in determining how many withholding allowances to claim on your Form W-4P. Do not use the rest of this worksheet. Note. If line 1 is less than line 2 enter -0- on Form W-4P line 2 page 1. Complete lines 4 through 9 below to figure the additional withholding amount necessary to avoid a year-end tax bill. 7 Find the amount in Table 2 below that applies to the HIGHEST paying pension or job and enter it here 8 Multiply line 7 by line 6 and enter the...result here. This is the additional annual withholding needed. 9 Divide line 8 by the number of pay periods remaining in 2012. You cannot choose not to have federal income tax withheld on line 1 of Form W-4P. See Pub. 505 for details. Your payer should be able to tell you whether Form W-4P applies. For periodic payments your Form W-4P stays in effect until you change or revoke it. Your options depend on whether the payment is periodic nonperiodic or an eligible rollover distribution as explained...on pages 3 and 4. Use the additional worksheets on page 2 to further adjust your withholding allowances for itemized deductions adjustments to income any additional standard deduction certain credits or multiple pensions/ more-than-one-income situations. Personal Allowances Worksheet Keep for your records. A Enter 1 for yourself if no one else can claim you as a dependent. You are single and have only one pension or You are married have only one pension and your spouse B Enter 1 if has no...income subject to withholding or. Your income from a second pension or a job or your spouse s pension or wages or the total of all is 1 500 or less. income subject to withholding or more than one source of income subject to withholding. you avoid having too little tax withheld. A B either a spouse who has Entering -0- may help. D Enter number of dependents other than your spouse or yourself you will claim on your tax return. E Enter 1 if you will file as head of household on your tax return. F...Child Tax Credit including additional child tax credit.
pdfFiller is not affiliated with IRS
Get, Create, Make, and Sign IRS W-4P
Edit your IRS W-4P online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your IRS W-4P via URL. You can also download, print, or export forms to your preferred cloud storage service.
Instructions and Help about IRS W-4P
How to edit IRS W-4P
How to fill out IRS W-4P
Instructions and Help about IRS W-4P
How to edit IRS W-4P
To edit IRS W-4P, you can utilize pdfFiller's tools that allow you to modify text, add signatures, or adjust any form fields. Ensure you have the latest version of the form downloaded before making changes. Once you have your edits complete, you can easily save or submit the updated document as needed.
How to fill out IRS W-4P
To fill out IRS W-4P, gather the necessary personal information including your name, Social Security number, and filing status. Follow these steps to complete the form:
01
Step 1: Enter your personal information as required.
02
Step 2: Indicate your tax situation in the appropriate section.
03
Step 3: Specify any additional withholding preferences, if applicable.
Double-check all entries for accuracy to prevent delays in processing your form.
About IRS W-4P 2012 previous version
What is IRS W-4P?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
About IRS W-4P 2012 previous version
What is IRS W-4P?
IRS W-4P is the form used by taxpayers to request voluntary withholding from pension or annuity payments. This form is particularly significant for individuals receiving retirement distributions. By completing this form, taxpayers can instruct their payers on how much tax to withhold.
What is the purpose of this form?
The primary purpose of IRS W-4P is to allow individuals to specify an amount to be withheld from their pension or annuity payments for federal income tax. This helps manage tax liability and ensures that taxpayers do not owe a large sum at the end of the tax year.
Who needs the form?
Individuals who receive pension or annuity payments and wish to have federal income tax withheld must complete IRS W-4P. This form is essential for retirees or individuals receiving other forms of deferred compensation.
When am I exempt from filling out this form?
You may be exempt from completing IRS W-4P if you had no tax liability in the previous tax year and expect none in the current year. Additionally, if your pension or annuity payments do not exceed a certain threshold, you may also be exempt.
Components of the form
IRS W-4P typically includes sections for personal identification, filing status, and selections for withholding preferences. Key fields require you to provide your name, Social Security number, and the requested withholding amount. Ensure each section is accurately completed to avoid processing issues.
What are the penalties for not issuing the form?
If you fail to provide IRS W-4P when required, you may face a penalty of under-withholding, leading to larger tax payments owed at year-end. It's critical to submit this form to ensure appropriate tax withholdings are in place.
What information do you need when you file the form?
When filing IRS W-4P, gather your personal information, including your full name, address, Social Security number, and details regarding your pension provider. You should also determine your desired withholding amount before submission.
Is the form accompanied by other forms?
Typically, IRS W-4P is submitted on its own, but it may be accompanied by other tax documents depending on your specific tax situation, such as Forms 1099-R or other related tax filings. Review your requirements based on personal circumstances.
Where do I send the form?
Submit your completed IRS W-4P to the payer of your pension or annuity payments, not directly to the IRS. Ensure you check with your payer for any specific submission instructions or requirements.
FAQ about IRS W-4P
What should I do if I discover a mistake on my additional amount of tax after filing?
If you find an error in your additional amount of tax after submission, you can submit an amended return to correct the mistake. It's important to file the amendment as soon as you identify the error to avoid potential penalties. Make sure to follow the specific guidelines for amending your tax return to ensure compliance.
How can I check the status of my additional amount of tax submission?
To verify the status of your additional amount of tax, you can use the online tracking system provided by the IRS or your tax filing software. Keep an eye out for common e-file rejection codes that may indicate issues with your submission and act accordingly to resolve them.
Are electronic signatures accepted for submitting the additional amount of tax?
Yes, electronic signatures are generally accepted when filing the additional amount of tax, provided they comply with IRS e-filing standards. Ensure that you utilize secure methods for signing to protect your sensitive information.
What common errors can occur when filing the additional amount of tax, and how can I avoid them?
Common errors when filing the additional amount of tax include incorrect amounts, missing information, or failing to sign the form. To mitigate these mistakes, double-check all entries against your records and confirm that you have completed all required fields before submission.
What should I do if I receive a letter from the IRS regarding my additional amount of tax?
Upon receiving a notice from the IRS regarding your additional amount of tax, carefully review the correspondence for specific instructions. Prepare any requested documentation and respond promptly to avoid further issues, ensuring that you maintain records of all communications.
See what our users say
Read user feedback and try pdfFiller to explore all its benefits for yourself
it was great
it was great and i enjoy it everyday and my kids love it to
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
