Central Piedmont Community College

 

[Cpcommunicator] Advisory: Employee Tax Information

CPCC Office of Community Relations Communicator Communicator at cpcc.edu
Wed Jan 6 16:14:02 EST 2010
Employees who claim "Exempt" status on W-4 form

Employees who are claiming "Exempt" tax status must file a new W-4 form for 2010 in order to maintain exempt status.  IRS guidelines require employers to change the status to "Single" with zero (0) dependents if a new form is not submitted for the new tax year, so please be sure to complete a new form by February 16, 2010.

Employees who meet IRS guidelines may claim exemption from income tax withholding. Information on claiming exemption from withholding can be found on the tax forms.

The W-4 form is available on the Payroll web site under "Forms" or you can go to http://www.irs.gov/pub/irs-pdf/fw4.pdf to print and fill out the form, and send it directly to the payroll department.


Employees who claim "Earned Income Credit" (EIC) on W-5 form

Employees who receive advance "Earned Income Credit" need to file a new W-5 form for 2010 if you want to continue receiving the credit on an advance basis.   The form submitted for 2009 expired on December 31, 2009, so if you are eligible to claim the credit during 2010, a new W-5 form must be submitted by January 15, 2010.   Otherwise, we are required to withhold at "Single" with no exemptions beginning with the first payment of 2010.

The W-5 form is available on the Payroll web site under "Forms" or you can go to http://www.irs.gov/pub/irs-pdf/fw5.pdf to print and fill out the form, and send it directly to the payroll department.




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