Plan Now to Avoid Surprises Next Tax Season

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With the start of the New Year, thoughts turn to reflections on the year past, goals for 2015 and the tax season ahead. Part of tax planning should include insuring proper withholding of taxes during 2015 to avoid a tax surprise next filing season.

The article “Still Time to Avoid Surprises at Tax Time” outlines actions that can be initiated now to stave off tax surprises next tax season.

Among the actions are

  • Adjust your withholdings
  • Report changes in circumstances
  • Change taxes with life events
  • Be accurate on your W-4
  • Pay estimated tax if required

Read the full article “Still Time to Avoid Surprises at Tax Time” here.

Any accounting, business or tax advice contained in the Tax E Man Blog or http://www.PatTax.net, including attachments, links and enclosures, are not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax related penalties.

If desired, Pat Tax, Inc. would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired.

The Tax E Man Blog, along with our website http://www.PatTax.net, are designed to be year round resources for tax consultation, preparation and representation services provided by Pat Tax, Inc. . Please feel free to contact us with any questions or  concerns.

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