McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 16

Shane is an employee who has had a relatively consistent income over the years.His withholding is pretty much right on target with his actual tax liability, so he rarely has much of a tax refund or tax due with his tax return.At the beginning of this year, Shane sold some property at a large gain.What issues relating to withholding should Shane consider? What would you advise him to do?