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In this video, Brian Kim, a certified public accountant, discusses the 2020 version of the W-4 form, emphasizing that it is different from the 2019 version. He explains that the W-4 form determines the amount of taxes withheld from each paycheck, cautioning against under-withholding to avoid tax balance and penalties, as well as overpaying to prevent paying too much in taxes. It is important to accurately complete the W-4 to avoid financial repercussions during tax season.