Proactive Year-End Financial and Tax Planning Series: Basic Bracket Management

Originally aired 11/12/13

Seminar recording | Presentation materials

ATRA and Net Investment Income Tax (NIIT) have added more complexity to planning given that you now have to navigate through five layers (regular tax, alternative minimum tax, NIIT, re-introduction of phase-out in itemized deductions and the increased 39.6% bracket which also throws in higher capital gains rates) in conjunction with running multi-year scenarios to gain a clear picture of the tax landscape.

This means that virtually every financial decision now needs to be analyzed through the lens of this new five dimensional tax system. However, the complexity of going from a two dimensional tax system to a five dimensional tax system is not linear, it is exponential – it requires a quantum leap in tax analysis methodology, tax strategy, and tax planning software tools. And, the most important and effective way to start this analysis is with bracket management planning. CPA financial planners now have an unprecedented opportunity to demonstrate their value to clients by providing guidance, planning, and tax expertise in 2013.

In this webcast, you will learn:

  • Basic bracket management planning theory, including basic income smoothing strategies like gain/loss harvesting and retirement plan contributions
  • Sample case studies
  • Demonstration of the new software tool, Tax Rate Evaluator (bronze edition)