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Form W-4V for Akron Ohio: What You Should Know

Payment Incentive Program Form (PI TFF) for you to download on your Windows, Mac or Chrome. If you do not have any outstanding federal tax withholding (Form W-7 or the POT Filing Agreement) and your payment for 2024 from your employer is: Over 800; or Over 9.99%; or Under 8.99%; or Payments with a value greater than or equal to 800 are considered over 9.99% of your 2024 tax withholding and are subject to double payment penalty. If you have an outstanding federal tax withholding of, or an outstanding PIT Filing Agreement, you do not need to complete the form. If you have your 2024 tax bill, and you have a balance of more than 800 and a balance of more than or equal to 9.99, then you will be required to file Form W-9 and/or Form W-4V. Your income tax withholding can be reduced and your PIT Filing Agreement increased, but you must complete Forms W-4V. If you choose not to complete the form you will have to pay a penalty of 10 percent on the amount received over 9.99% or more of your 2024 tax withholding. Payment Incentive Program: You may qualify to take a tax credit by signing up with our online payment incentive program. Payments may be made for a maximum of 10 quarterly payments to be made to your tax preparer.

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