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From: corwin@ut-ngp.UUCP (Corwin, Lord of Amber)
Newsgroups: net.taxes
Subject: Tax Returns and Witholding
Message-ID: <1057@ut-ngp.UUCP>
Date: Thu, 1-Nov-84 16:52:30 EST
Article-I.D.: ut-ngp.1057
Posted: Thu Nov  1 16:52:30 1984
Date-Received: Sat, 3-Nov-84 21:32:37 EST
Organization: U.Texas Computation Center, Austin, Texas
Lines: 16

<Do I need this line?>

Having been reading with interest the articles on "Things the IRS won't tell
you", I have a question:

Scenario- I file a return on Apr. 15, l986 for 1985 in which I owe no tax.
          However, on Jan. 1, 1986 I took a job with an engineering firm at
          a salary of $40K a year where I will probably owe taxes.

Question(s)- 1. Can I legally file an "exempt" W-4 at my new job?

             2. Can I file a return on Apr. 15, 1987, pay my tax (if any)
                for 1986 and still remain within legal bounds.

This boils down to:  Can I legally get out of IRS withholding tax from me if
                     I agree to assess myself at the end of the tax year?