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Question: If an employee claims more than 10 allowances on their Form W-4, does the employer have to report this to the IRS?
This requirement has been eliminated. However, Forms W-4, Employee's Withholding Allowance Certificate, are still subject to review. Employers may be directed (in a written notice or in future published guidance) to send certain Forms W-4 to the IRS. The IRS will also continue to review employee withholding compliance. The IRS may send you a letter (commonly called a lock-in-letter) specifying the withholding rate and allowances to use to calculate the amount of tax to withhold from wages paid to a specific employee.
The part they left out, Jose Illegal send much of that money back to Mexico where it has 10x the value, removing it from US circulation, causing the FED to print more dollars.