In the October 2009 article “The Generation- Skipping Transfer Tax: A Quick Guide” (page 30), in a passage regarding transfers to an irrevocable life insurance trust, the text should have said that a transfer that qualifies for the annual gift exclusion may also qualify for a generation-skipping transfer tax exclusion but will not in every case.


In the October 2009 “From The Tax Adviser” column (page 76), in the second bullet point describing who must pay estimated taxes, the phrase “110% if the prior-year tax liability was greater than $150,000” should have read “110% if the prior-year adjusted gross income was greater than $150,000.”



Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.