Proactive Financial and Tax Planning Toolkit 

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.  CPA financial planners have an opportunity to demonstrate their value to clients by providing guidance, planning, and tax expertise.

The following tools and resources will help you plan proactively for your clients.  Note that content created to help you in planning for year-end are relevant planning ideas and strategies going forward.

PFP Library Recordings

Planning in a Five Dimensional Tax System – Taking the Quantum Leap Forward for Your Clients

Planning after ATRA and NIIT Series:
Implementation of the 3.8% Net Investment Income Tax:
The Mathematics of Portability Under ATRA

Access an extensive suite of post-ATRA webcasts and related materials that include planning ideas and strategies.

Upcoming Webcasts
Charts Provided by Robert Keebler
Top 10 Planning Strategies  The Bracket Management Chart
Capital Gains Harvesting Chart The Roth Conversion Decision
Roth Quadrants Understanding the Net Investment Income Tax
DrawDownTM Strategies Traditional IRA Distribution Flowchart
Tax Asset Classes  Roth IRA Distribution Flowchart
Marginal Tax Rates Chart (Provided by Michael Kitces)  Applying the 3.8% Net Investment Income Tax Chart 
Generation Skipping Transfer (GST) Tax

75 Best Income Tax Strategies for Financial Professionals to Generate TAX ALPHA™

Client Communications

Broadridge Advisor (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms

Additional Tools and Resources
The CPAs Guide to Financial and Estate Planning - the 4-volume, 1,000 page guide, exclusively available to PFP/PFS members, covering estate, tax, retirement, investment and risk management planning includes content on ATRA and NIIT.

Tax Rate Evaluator: A Graphical Calculator for Tax Planning After ATRA
  • Bronze edition: Free to PFP/PFS members
  • Gold edition: PFP/PFS members save 10% off the already discounted AICPA member price
  • View a demo on using the calculator
Tax Planning Opportunities After ATRA: Tools, Tips, and Tactics (PFP members save 10% off the already discounted AICPA member price)

Dealing with the 23.8% Tax on Trust Capital Gains: 21 Ways (and Counting) to have a Trust’s Capital

Gain Taxed to the Beneficiary
 - this article reviews the new 3.8% NIIT and how it applies to trusts and beneficiaries, as well as how a trust’s capital gains can be taxed to the beneficiary.

Roth Conversion Planning

American Taxpayer Relief Act

Joint Committee on Taxation Overview

Journal of Accountancy article - overview of Net Investment Income Tax and access links to the regulations

IRS FAQs on Net Investment Income Tax

Summary of Net Investment Income Tax Regulations from Bob Keebler

Checklists to plan for the Medicare surtax: Individuals | Estates & Trusts


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