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form W4 what is that heat taxpayers it Tiffany Gonzalez CPA here founder and CEO of accounting system scale and today weamp;#39;re back with another installment of what is that where we discussed Financial term and topics you may have heard but we make them super easy to understand we know the IRS loves Forbes and on average itamp;#39;s your CPAamp;#39;s responsibilities to be worried about these forms however this is one form that you are going to want to worry about so letamp;#39;s talk about it form W-4 what is that the W-4 form also known as the employee withholding certificate tells the employer exactly how much money to withhold from your paycheck for federal income tax every time they pay you these amounts that your employer withholds from you they remit to the IRS on your behalf and they count towards payment of your federal tax liability in advance filling out this form wrong can have its implications if you fill out the form in a way where your employer withholds too much
