South Carolina Tax Attorney

    Most of my clients who are actual employees (rather than being self-employed) do not have enough money withheld from their paychecks each week.  The common thing I see is that people claim 9 exemptions on their W-4 with their payroll department so there will be almost no income tax withheld from their check and they will get more cash.  Obviously, this is not proper.  You are only allowed to claim the number of exemptions you will be allowed on your income tax return at the end of the year and the steps on the W-4 walk you through determining how to determine how many exemptions you will qualify for. 

    At the end of the year, these people have not had enough withheld and when they file their income tax returns, not only will they owe more money, but they typically have spent the extra money they received in their paychecks throughout the year.  If you find yourself in this situation, I can help you resolve your liability with the IRS either through an offer in compromise or an installment agreement depending on your situation.  However, the IRS will require you to adjust your withholdings to make sure you do not end up owing more in taxes in the years to come.