It is not enough to complete a client’s tax return once the tax year is over. Successful tax practitioners are looking for opportunities to be more proactive with their client’s tax situation throughout the year. Changes to the tax law do not fit timely within a specified time frame each year. Expired provision are being extended months into a new year with retroactive status, in addition to the issuance of new regulations and court findings which may substantially affect the treatment of certain tax positions. This requires staying on top of these recent developments, determining how your clients may be affected, and creating strategies to assist clients with minimizing taxes whenever possible.
This page contains a variety of resources to gain additional knowledge, increase practice efficiency, and communicate with clients. Visit often to increase your value to your clients.
Browse our complete library of tax planning resources using the predefined search filters on the left. Clicking on these filters will result in a list of resources based on your choice. “By Topics” will result in a list of different types of resources and documents related to that topic. “By Document Type” will result in a list of resources of a particular type (e.g., checklist, sample letter, or engagement letter) regardless of topic. You can apply multiple filters to narrow your search. For example, if you select a topic (e.g., Divorce), and then select a document type (e.g., checklist), the results list will include a link to our Divorce Issues Checklist.
We are constantly in the process of developing new or updated existing resources. Some newly released resources include:
- Sample Client Letter - Tax Impact of DOMA Ruling : Provides sample language to send your clients regarding the impact of the ruling in the Defense of Marriage Act (DOMA). The letter contains an overview of the decision and what it may mean for your clients, including considerations with respect to estate, retirement, income tax, and health and welfare benefits plans; and any actions to consider.
- Income Tax Treaties Checklist : Will assist you in identifying issues with respect to income tax treaties that could apply to a US resident when he/she engages in commercial transactions in foreign jurisdictions, or to a foreign resident that engages in commercial transactions within the US.
- Postmortem Planning Checklist for S Corporation Shareholders: Access a postmortem planning checklist for S corporation shareholders to assist with planning for and preparation of tax returns.
- Investment Tax Planning - Creating Tax Alpha, Dec. 4: The American Taxpayer Relief Act of 2012 (ATRA) and Net Investment Income Tax (NIIT) have added more complexity to planning given that you now have to navigate through a multi-layer tax system in conjunction with running multi-year scenarios to gain a clear picture of the tax landscape in order to advise your clients on virtually all of their personal financial planning decisions.