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APA's Top Payroll Questions & Answers for 2020

note for employers at the top of the form says you must have a Form
IL-W-5-NR on file for each employee who is either:
*	 is a resident of Iowa, Kentucky, Michigan, or Wisconsin;
receives compensation paid in Illinois; and elects to claim
exemption from withholding of Illinois Income Tax under
the reciprocal withholding agreements between Illinois and
these states
*	 is exempt from Illinois income tax on compensation under
the federal Military Spouses Residency Relief Act.

Q.

Our payroll department notices when employees make errors in
completing the Form W-4, Employee's Withholding Certificate. For
example, in Step 4, employees might include additional withholding
that will leave them with little or no money on payday. We can point it
out to the employees, but it is up to them to submit a new Form W-4,
and it might take a couple of pay periods for it to be implemented.
One employee asked if payroll could recover the overwithheld
taxes retroactively. Is that possible? What is the best way for these
employees to adjust their tax withholding?

A.

Employers should withhold federal income tax based on the
withholding claimed on the Form W-4. In this example, the employer
would withhold based on the existing Form W-4 until the employee
files a new Form W-4. An employer cannot retroactively correct prior
withholding amounts based on the previous Form W-4. The employee
may be overwithheld. However, to mitigate this, the employee could
take into consideration the prior overwithholding, which occurred
during the calendar year when completing a new Form W-4. If
the employee chooses to do so, he or she very likely will need to
remember to complete a new Form W-4 at the close of the calendar
year. Otherwise, the risk is having a withholding issue in the next
calendar year.

51

Withholding Taxes

New Form W-4 withholding (IRS)



APA's Top Payroll Questions & Answers for 2020

Table of Contents for the Digital Edition of APA's Top Payroll Questions & Answers for 2020

Table of Contents
APA's Top Payroll Questions & Answers for 2020 - Intro
APA's Top Payroll Questions & Answers for 2020 - Cover1
APA's Top Payroll Questions & Answers for 2020 - a
APA's Top Payroll Questions & Answers for 2020 - b
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APA's Top Payroll Questions & Answers for 2020 - Table of Contents
APA's Top Payroll Questions & Answers for 2020 - e
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