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Xl Bermuda Form 004

Xl Bermuda Form 004

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What is a W-9 tax form? What is a W-9 tax form?

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hello and welcome to the session in which we would look at payroll taxes and specifically we're going to be looking at 4w4 which is the employee withholding certificate now if you are in the us you should be familiar with the form w-4 simply put every time you get a job you have to fill out a form w-4 so you tell your employer your company that you work for how much they will need to take from your paycheck in form of taxes in the u.s what happen is this as you work you pay your taxes it's pay as you go system so what happens is if you don't pay enough you will be penalized at the end of the year and you might you owe money and you might be penalized if you pay too much over what you need to do then you'll get a refund however understanding the w-4 will minimize underpaying or overpaying so you really don't want to underpay because you might be subject to a penalty but also you don't want to overpay because then you're giving your

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