Taylor series can be used for approximations as well as for evaluation of limits. Why do you want to use Taylor series for approximations when your goal here is to evaluate a limit? For the current question use the following Taylor series expansions $$\log(1+x^{2})=x^{2}+o(x^{2}),\sqrt{1+4x}=1+2x-2x^{2}+o(x^{2}),\sin 2x=2x+o(x^{2})$$
Alternatively, one can just multiply numerator and denominator by $\sqrt{1+4x}+1+\sin 2x$ to get $$\dfrac{4x-2\sin 2x-\sin^{2}2x}{\dfrac{\log(1+x^{2})}{x^{2}}\cdot x^{2}\{\sqrt{1+4x}+1+\sin 2x\}}$$ The first and last factors in denominator tend to $1$ and $2$ respectively and hence the desired limit is equal to the limit of $$\frac{2x-\sin 2x}{x^{2}}-\frac{\sin^{2}2x}{2x^{2}}$$ Putting $2x=t$ we see that $t\to 0$ as $x\to 0$ and the desired limit is equal to the limit of the expression $$4\cdot\frac{t-\sin t} {t^{2}}-2\cdot\frac{\sin^{2}t}{t^{2}}$$ The first expression tends to $0$ and second one tends to $2$ so the desired limit is $-2$.
Note that the limit of $(t-\sin t) /t^{2}$ can be evaluated using the inequality $$\cos t<\frac{\sin t} {t} <1$$ which leads to $$0<\frac{t-\sin t} {t^{2}}<\frac{1-\cos t} {t} $$ for $0<t<\pi/2$. The result now easily follows from Squeeze theorem as $t\to 0^{+}$.