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5081, Sales, Use and Withholding Taxes Annual Return  Form

5081, Sales, Use and Withholding Taxes Annual Return Form

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Instructions and help about 5081, Sales, Use And Withholding Taxes Annual Return

through how to use the tax withholding estimator uh that is located on the IRS website uh there is not a whole lot that you need for this tax tool which is free and uh before we get into it I'll kind of walk through a couple of things that you should probably know so this is the estimator that you would need if for some reason your financial planner or your accountant or your tax expert tells you that you should look at adjusting your withholdings on a form W4 so your W4 are the it contains the instructions that you give to your employer telling your employer how much in taxes they're going to withhold from your paychecks and send to the IRS on your behalf so uh basically this Tool uh estimates your federal income tax withholding as a current currently stands takes a look at a rough estimate of your tax situation and then uh determines an estimated withholding amount that should work for you uh so tax planning sometimes consists of making tax withholding adjustments so

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