How to Fill Out and File IRS Form W-5
IRS Form W-5 is a certificate for eligible employed individuals (and, if applicable, their spouses) to certify eligibility and receive advance payments during a given year of Earned Income Credit that they will be eligible to receive for that year. All an individual must do to file a W-5 certificate is fill it out and give it to his employer. You may file Form W-5 at any time.
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Instructions
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1
Verify that you have at least one qualifying child for whom you can claim the EIC. A qualifying child must meet all three of the requirements listed in the section entitled "Who Is a Qualifying Child" in the Form W-5 instructions.
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2
Determine your eligibility to get advance Earned Income Credit payments by verifying that you meet all four of the eligibility requirements listed on the first page of the Form W-5 instructions, above the form. You must have a valid Social Security number, a qualifying child for whom you can claim the credit, an annual income below the EIC ceiling and eligibility to claim the EIC for this calendar year.
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3
Write your name on the top line of Form W-5.
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4
Enter your Social Security number to the right of your name on the top line of Form W-5.
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5
Certify that you have a qualifying child, that you are able to claim the EIC for this year, that you do not have another Form W-5 in effect and that you choose to receive advance EIC payments by checking the "Yes" box on line 1.
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6
Check one box on line 2 to verify your expected tax filing status for this year. You may select either "Single, head of household, or qualifying widow(er)" or "Married filing jointly."
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Verify that you do not have a spouse who has a Form W-5 in effect with any employer by checking the "No" box on line 3 or, if you are single, leaving the line 3 boxes unchecked.
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8
Sign and date the form.
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9
File the form with your employer.
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Tips & Warnings
IRS Form W-5 remains in force only during the calendar year for which it is filed. If a calendar year ends and you believe that you are eligible for advance payment of the Earned Income Credit for the following year, you must fill out a new Form W-5 and file it with your employer.
Neither you nor a spouse may have a Form W-5 certificate in effect with more than one current employer at a time.
Comments
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would this information help anyone?
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dreamingofvegas
Nov 27, 2007
I filed mine two pay periods ago. I received to payroll checks and there was no advance included. Personel had never processed one before. They sent it to the Controllers office. but nothing yet. -
dreamingofvegas
Nov 27, 2007
I filed mine two pay periods ago. I received to payroll checks and there was no advance included. Personel had never processed one before. They sent it to the Controllers office. but nothing yet.
