Tax planning

TOPICS / PERSONAL FINANCIAL PLANNING

March 1, 2019

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.

December 13, 2018

How tax reform is changing clients’ financial plans

CPA financial planners named charitable giving, business structure and estate plans as the areas of clients’ financial plans they have had to adjust most frequently following the passage of the TCJA, according to a recent survey.

June 12, 2018

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.

May 7, 2018

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.

April 19, 2018

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.

April 2, 2018

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.

September 5, 2017

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.

September 1, 2017

Tax planning for Millennials

An underserved market awaits CPAs attuned to younger taxpayers’ perspectives.

July 1, 2017

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.

June 1, 2017

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.

February 13, 2017

Reducing investment taxes in 2017

The start of a new year allows clients to take a fresh look at their investment strategy.

February 1, 2017

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.

January 9, 2017

Best places to retire? It’s complicated

This column offers ideas and describes what’s involved in helping clients make a well-informed choice.

March 7, 2016

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.

February 22, 2016

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.

February 1, 2016

How to report clients’ fantasy football winnings

There is little if any authority for the proper reporting on tax returns.

November 9, 2015

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.

November 1, 2015

ABLE: A tax planning tool for people with disabilities

The new accounts offer valuable tax planning opportunities.

October 1, 2015

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.

September 21, 2015

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.