W4

[Montanamom03]

I can't figure out how to fill out my w4. We also have a business that my husband works and I am an owner too.  I don't know how to figure out income for business because we don't know how much we will make each year. Its a landscape business so income varies. There has been no federal or state taxes being taken out of my checks.  I can't seem to find anyone around town to help me get this figured out. We also have a dependent. They have made filling out w4s ridiculously hard now. So frustrating.  Help Please!

[SusanY1]

Since you don't know how much income you'll make each year, you may wish to fill out your W4s without the business information and then set aside funds to make quarterly estimated payments.  

You can then base each estimate on the amount of money that you've made that quarter.  This would require making sure that your bookkeeping is in good order by the early part of each quarter, as the payments are due on the 15th day after quarter end.  Most bookkeeping programs, like QuickBooks, can help you determine the amount to pay for the estimated taxes. 

  You can use blank Form 1040-V to send in those payments, or make them online.