Form W4-P is specifically for which group of individuals?

Form W4-P is specifically designed for recipients of pensions and annuities as it enables them to determine the amount of federal income tax to withhold from their pension or annuity payments. This form allows these individuals to provide their withholding preferences directly to the plan administrator or payer, ensuring that the correct amount of taxes is withheld according to their financial situation.

Individuals who are active employees of a corporation generally use Form W-4, which is intended for employment income. Non-resident aliens applying for a TIN and self-employed individuals filing tax returns would use different forms tailored to their specific tax needs. Therefore, those who receive pensions and annuities, by using Form W4-P, can directly influence their tax withholding in a manner that reflects their retirement income rather than employment income or other tax situations. This makes option B the accurate choice for this question.