CPA financial planners can help their clients predict how they may fare financially.
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Personal Financial Planning
How to Help Your Clients Invest Using Asset Location Management
Without a tax practitioner’s ongoing planning and involvement, the benefits of tax-aware management are less likely to be achieved.
MyRAs Now Available Nationwide
Treasury said eligible individuals nationwide may now open a new retirement account for people with earned income who may lack access to an employer-sponsored retirement plan.
The Investor Control Doctrine: When “Hands Off” Really Means “Hands Off”
In a recent tax court decision, an individual was as determined for tax purposes to be the owner of assets in segregated asset accounts held
for the benefit of private placement variable
life insurance policies.
Capitalizing on the Lower Dividend Tax Rate
Identifying qualified dividends and helping taxpayers meet the requirements for qualified dividend status are valuable client services.
An Overview of Tax Practice Issues That Arise Under Statement on Standards in Personal Financial Planning Services
This column discusses some of the issues that might arise for tax practitioners in light of Statement on Standards in Personal Financial Planning Services.
Are Your Clients Benefiting From Tax-Aware Investment Management?
Without a tax professional’s being actively involved in planning, the benefits of tax-aware management are unlikely to be achieved.
Proposed Regulations Govern Special Savings Accounts for the Disabled
The regulations would authorize states to offer specially designed tax-favored accounts for the disabled.
Advising Clients in Later-Life Divorce
CPAs are in a unique position to have a profoundly positive influence on the financial consequences of Baby Boomer divorces.
Asset Protection Planning Legacy Trusts: Ohio’s New Model Law
This item addresses basic asset protection issues and describes Ohio’s new asset-protection trust statute.
Tax Treatment and Planning Strategies for Nonresident Individuals
This article provides an outline of the basic tax-compliance rules, as well as tax planning strategies, for nonresident aliens.
Longer Lifespans Strengthen Case for Roth Conversions
Roth IRA conversions may be valuable to retirees who have not fully considered the tax impact of required minimum distributions from traditional IRA accounts.
Is Now the Time to Implement PFP Services?
The CPA profession has naturally evolved toward personal financial planning (PFP). This is borne out by the results of the recent AICPA PFP Division survey on the economic benefits of implementing a PFP practice in a CPA firm, among other things.
IRS Finalizes Regulations on Use of QLACs
New IRS rules provide that longevity annuity payments will not be required to begin prematurely, thus adding flexibility to retirement planning and helping to protect individuals from outliving their savings.
CPAs’ Evolving Role as Estate Planners
Understanding the tax changes under ATRA alone does not prepare practitioners for how dramatically their role in the estate planning process has changed.
Navigating Through Divorce: Top Five Financial Planning and Tax Considerations
Advisers must consider a number of issues when helping a client navigate through a divorce. Emotions are at their peak, but careful thought and planning must take place before the divorce agreement is finalized, to prevent future financial and legal headaches. This item discusses the five top issues that financial advisers and CPAs should consider throughout a client’s divorce negotiations.
Retiree Tax Planning With Qualified Longevity Annuity Contracts
The IRS recently issued regulations authorizing a new type of annuity contract for certain tax-favored retirement plans and IRAs: Qualified longevity annuity contracts.
Global Family Business Succession Survey: Eight Principles of Succession
This item highlights eight principles of succession. It is important that tax advisers not only provide guidance on the tax implications of their clients’ succession plans, but that they also help their clients understand these important business succession principles.
Tax Strategies for the Long Horizon
New taxes and higher rates have dramatically increased the complexity of planning for many taxpayers; however, long-standing techniques for managing income and deductions and taking best advantage of tax-favored vehicles for retirement saving still hold sway.
Help for Self-Employed Clients Who Owe Taxes They Cannot Pay
In tax practice, CPAs occasionally encounter self-employed clients who have difficulty keeping up with their quarterly estimated tax payments. The problem of making adequate estimated tax payments is particularly difficult for the self-employed because they generally do not have taxes withheld and remitted to the government, as do most employees with wages reported on Form W-2.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
