Planning ideas from Form 1040 (and beyond)
Learn about a few of the many valuable planning opportunities you can uncover when reviewing a client’s tax forms.
Tax planning
Future-proof your tax practice by adding planning services
Consumers are seeking a primary point of contact to address the full scope of their financial needs.
The ideal time to review your finances
Having too large a tax refund, or having to pay too much in taxes, can be a sign that your financial plan needs revising.
Talk to your tax clients now about charitable giving
Without guidance, clients can end up giving to charity in ways that aren’t tax-efficient.
The power of combining tax knowledge with financial planning
Lisa Featherngill, CPA/PFS, and Brooke Salvini, CPA/PFS, discuss how having tax knowledge has helped them practice financial planning.
How to avoid costly tax traps with inherited IRAs
This article helps CPAs familiarize themselves with the rules surrounding inherited IRAs and the best ways to deal with these accounts.
Tax planning for Millennials
An underserved market awaits CPAs attuned to younger taxpayers’ perspectives.
Planning opportunities for the final tax return
Many tax attributes vanish at the end of life, and clients are well-advised to include them in their final arrangements.
Planning to mitigate risk in tax planning engagements
A professional liability claim may occur if a client’s expectation and the results of the tax services do not coincide.
Reducing investment taxes in 2017
The start of a new year allows clients to take a fresh look at their investment strategy.
Trusts and estates: Uses and tax considerations
Wealth planning with these often highly advantageous tools must be weighed against possible drawbacks of income tax accounting.
Best places to retire? It’s complicated
This column offers ideas and describes what’s involved in helping clients make a well-informed choice.
What to do when a client wants to give an LLC or limited partnership unit to charity
Many charitable organizations will not accept a gift of an LLC or limited partnership units because the entity’s business is not part of their charitable mission.
Don’t let your clients miss out on the IRD deduction
Many practitioners still have some questions about when and how the IRD deduction is used.
How to report clients’ fantasy football winnings
There is little if any authority for the proper reporting on tax returns.
Your clients may know less about retirement planning than you think
To make sure you and your clients are on the same wavelength, start by getting a comprehensive look at their retirement goals and plans.
ABLE: A tax planning tool for people with disabilities
The new accounts offer valuable tax planning opportunities.
Benefits of an employee stock ownership plan in succession planning
Practitioners should be aware of the many advantages of using an ESOP when a business owner is near retirement.
Charitable bailouts can save your C corporation clients big on taxes
This technique can help the donor achieve his or her charitable objectives, avoid capital gains tax, and distribute excess cash that has been accumulated in the corporation tax-free.
Transfer taxes: 5 questions to ask clients with international ties
Planning to lessen estate, gift, and generation-skipping transfer taxes increasingly requires considering clients’ foreign connections.
