Recently, I visited my friends at the IRS for ourStakeholder Liaison meeting. This group of representatives from a variety of tax associations is privileged to exchange ideas with the IRS. The IRS updates us on current changes, laws, and procedures—and solicits suggestions for simplifying or improving procedures. The IRS also alerts us to problems it is seeing in the system.
Some people were shortchanged last year, others got in trouble. Whether your income has changed or not since last year, it's time to take a closer look.
One word of warning, though: Once you get started playing with these tax toys, you may find yourself getting absorbed. They’re actually kind of fun.
Read more about what you should look for in your withholding on the Equifax Personal Finance Blog.