How to Fill Out Your W-4 Form

If you've ever struggled to understand the instructions on a W-4 form, this Tax Forum's for you. W-4 is the form you fill out when you start a new job that tells your payroll department how much to withhold in taxes. We'll walk you through those calculations today. We'll also take on a trader's mark-to-market question and explain the taxability of nonqualified stock options.

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Exemption Confusion

I helped two people with roughly the same income ($15,000), one claiming zero exemptions on his return and one claiming one. There was a significant difference in the refund. Do you have any suggestions on what we are doing incorrectly? ...