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    Rahulll2010's Avatar
    Rahulll2010 Posts: 15, Reputation: 1
    New Member
    		  
    #1

    Oct 18, 2010, 10:57 AM
    OPT W4 Tax
    Hi, I have graduated in dec 2009 and I am on Post Completion OPT and working as an independent contractor on 1099 basis from the last five months, now I am planning to change to W2, but my employer changed me to W4 instead of W2. Is it OK if I am on W4 and can you tell me is there any tax advatages if I am on W2?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 19, 2010, 06:37 AM
    You ARE on W-2. The W-4 is just a form completed to tell the employer how much money to withhold from your salary to cover your federal income tax liability
    Rahulll2010's Avatar
    Rahulll2010 Posts: 15, Reputation: 1
    New Member
    		  
    #3

    Oct 19, 2010, 06:58 AM
    Comment on AtlantaTaxExpert's post
    Thanks for your quick response
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Oct 19, 2010, 12:35 PM
    Glad to help!
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