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Form W-4V Wilmington North Carolina: What You Should Know
Form W-4V is a voluntary (read: not required) form from which you can withhold federal income tax on the wages and self-employment income you earn. The IRS uses W-4V to help employers, employees and Social Security Administration officials determine whether employees are eligible to receive a larger income tax refund because they are not working as much. There are no penalties for withholding income tax. If you want to stop withholding federal income tax as soon as possible, use W-4V.
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