Kpers Substitute W 4P Form PDF Details

Understanding the intricacies of the Kpers Substitute W 4P form is essential for individuals receiving retirement benefits, as it dictates the amount of federal income tax withheld from monthly payments. This form is paramount because it ensures compliance with tax laws, and failing to submit it leads to automatic withholding as if the individual were married, claiming three allowances. It offers options to specify withholding preferences, marital status, and any additional amounts to be withheld, thus enabling better control over one's tax liabilities. The certification section emphasizes the individual's understanding and acceptance of their tax responsibilities. For those who prefer a paperless method, changes to withholding preferences can be made through the Kpers member web portal, streamlining the process and providing immediate effect to any modifications. Additionally, it's important to note that contributions made before a certain period were post-tax, affecting the taxable portion of received benefits. The form facilitates a means to adjust withholdings to reflect one's current tax situation more accurately, potentially avoiding underpayment penalties. Moreover, the Retirement System provides annual 1099-R forms, detailing the taxable amount of retirement benefits received, essential for accurate tax filing. For more comprehensive insights into state and federal tax obligations or adjustments, the Kpers website and the IRS offer valuable resources, and consulting a qualified tax professional is recommended for personalized advice.

QuestionAnswer
Form NameKpers Substitute W 4P Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesksubirsw4p kpers kansas withholding form

Form Preview Example

PRubstitute WP Re

ILG CRIICA

OR PSIOIAMS (SBSI-P)

n Important – our monthleneit is taxable for federal income tax purposes beginning ith our i

rst pamentlease

complete the information beloo let PRnoour federal tax ithholding preferenc

esepending on our beneit

amount feeral laeuires us to itol

 

as if ou ere a married indiidual claiming three ithholding allonces if ou

do not submit a ithholding certiicate Be sure to read the certiication and sign and date the form

 

ou can change our ithholding

eletroniall

instead of sending this paper formogin to the member eb portal at

kpersorgee instructions on page or more information

 

 

 

n Contat s – toll free:

pone :

fa :

 

 

e-mail: kperskpersorg • eb site

: kpersorg •

mail:ansas Aeuite opeka

 

 

nPart A – Repient Information

ocial ecurit:

 

irst

Telephone :

ailing Address:

 

 

Cittate

n Part B – itolinletion –

Please choose one of the options belond complete the information for that option

o ederal income tax from mt pats

es ederal income tax from mt patsollos:

arital tatus:

arried

arriedt higher “” rate

Total number of ances ou are claiming for

Additional amountou o hae om each beneit pat:

You cannot enter an additional amount in (c) without completing (a) and (b) above.

nPart C – Certiiation

“I understand I am liable for federal income tax on metirement beneitsther understand penalties ma the Internal Reenue ere if mted tax pats and e inadete to satisfted tax pat

rulestion eplace anetions and emain in effect until I complete a neertiicate and send it to the Retirement stem”

nature: onthear:

AILG IORMAIOSRCIOS

naes on Retirement Beneits

In generaletirement stem beneitsetiree death beneite subt to federal income tax

ansas income taxf ou moe to another stateour retirement beneit is taxable in that stateour monthlt is taxable from the time our beneits begin

nitolinnformation

ou can control holing this Withholding Certiicate for Pension Beneit Pats e W form The form is propplication for Retirement Beneits Bookletou can also do eb site or contact or a paper formou can change our t anWhen completing the e

Wormou must select a marital status and the number of exemptions if ou choose to hae es from our beneitou can also add an additional lat amount for ou cannot t a lat amount i

tal status and exemptionsf ou choose not to hae taxes om our retirement beneitou are still liable for federal income taxou mat to penalties under the “ted Tax Pat” rule if our

epending on our beneit amountederal laees us to ou ere a married indiee holding alloances if ou do not submit a orm

nPaperless itolinane

ou can change our ithholding information on the are effectie immediatel ogin to the member eb

member eb portal instead of mailing a paper form

Changes on the portal

portal at kpersorg Click “PR Account Acces

s” at the top left

To access our personal accountou must irst enrollt takes to to three minut lets us identifou and protects our personal informationfter thatou can login an ou set up

es and ou’ll onlae to do it oncenrollment time using the user Ind passord

nIf ou Contributeo te Retirement Sstem Before ul

Before ontributions ere on a postecause of thistion of the beneits ou receie

be taxableederal las ou to “recoer” taxeeontributions ou made on a postegulates the rate at

ou make this recoerf ou did not contribute to the Retirement stem before our entire beneit is taxable unless ou hae purchased sere tumpchases other than rolloers or trusteeoee

transfers are on a postThe total nontaxable eet t of preed contributions ou paid into the Retirement stem

n-R aorm

B anuar each ear the Retirement stem ill

mail ou a R form ith information for our f

shos the beneits paid to ou and the taxable amou

ntou ma receie more than one R form if o

different plans administered bou receied more than one distribution ting the earnformation and IR instructions are printed on the back of the form

ederal tax return This form u receie beneits from

n or More Information

Additional state and federal tax informationormsailable at persgormationtm

 

The Internal Reenue erice also proides detailed resources at irsg

of ou hae uestions about our indiidual tax

situation or the amount of tax to ithholdlease contact a ualiied tax professi

onal

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