FROM RICHMOND

GUEST OPINION

TAX CONFORMITY

In the news, you may have heard the term “tax conformity.” More than likely, your eyes have glazed over.

For many, their greatest interest is how much of a refund they’ll get back or how much they’ll have to pay.

You also might be wondering how much you’ll need to pay as you move forward.

Should you ask your employer to withhold more for state income tax from each paycheck, or how much should you pay quarterly? These are issues of greatest importance as you’re receiving annual W-2 forms.

 

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