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IRS Releases New Draft Form W-4 to Help Taxpayers Avoid Withholding SurprisesSubmitted by UDALL CPA Group on June 28th, 2019
Last year, after pushback from taxpayers and tax professionals, the Internal Revenue Service (IRS) promised to revisit form W-4, Employee’s Withholding Allowance Certificate. The IRS issued a statement confirming that "the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020." Today, the IRS issued a draft of the 2020 Form W-4.