Anticipate Changes in Your Tax Situation

Changes you make in 2011 can have drastic tax implications. It would be advisable for you anticipate those changes and then read about how that change will impact your taxes. Some sample life changes that will affect your taxes:

* Starting a small business
* Changing from self-employed to employee
* Birth of a Child
* Change in marital status (getting married or divorce)
* Adopting
* Getting a company vehicle or starting to use personal vehicle for the company
* Significant salary increase or decrease
* Starting to Invest
* Alimony and child support payments

You can get information on these topics by visiting the IRS at www.irs.gov. Consider Adjusting your W-2 if you have significant changes.