<prompt> Human: I would rather not give the government an interest-free loan and wait for them to disburse my money back to me. I would pay all taxes owed at the end of the year or set up a payment plan. I would not file 99 dependents, only claim them for withholding purposes.The dependents claimed on the W-4 form seems to be an internal figure that the IRS doesnt actually see. What they will see is taxes withheld, taxes owed, and the difference amount.I have heard from a few different sources hearsay from co-workers CPAs and several co-workers have been doing this for years that this is fine. However, another CPA I posed this question to said that the IRS may consider this a fraudulent W-4 and could assess both civil and criminal fines. Does anyone know if this is legal, illegal, suspicious, or inadvisable? If so, why?  <response>: If you want to stop withholding, there is an option on the W-4 instructing your employer not to withhold. There are problems with this:1. You are committing perjury.2. You may incur late payment fees. 