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

Exercise 42

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