best practices and tips for completing W-4 screen 7 in Lacerte
I've always ignored the W-4 calculator because I found it too confusing to use. (I'm not sure how the program is working. For instance - number of pay periods remaining -- is it assuming a monthly, weekly , biweekly, semi-monthly pay period? Does the W-4 calculator automatically work based on the information we have done the tax return with? I have a client who is way under withheld for he and his spouse but I don't necessarily trust the result coming off the Lacerte generated W-4. Any best practices for getting the W-4s to come out right if they are under withheld?