Baby Boomers born from 1954 to 1964, and all subsequent generations, will be unable to use some planning strategies that have benefited older generations.
Advertisement
Topics
Personal Financial Planning
Roth IRA Planning
The opportunity to get more assets into Roth vehicles via various means has evolved over the last several years.
Taking Control of the Final Form 1040
Follow these tips for using the final tax return for tax planning post-mortem.
Treasury Announces Launch of MyRAs
The new retirement savings account is intended for people with taxable compensation income but who lack access to an employer-sponsored retirement plan.
2015 Arthur J. Dixon Memorial Award
Lisa C. Germano received the highest award given by the accounting profession in the area of taxation.
Planning for Cash Flows in Retirement
CPA financial planners can help their clients predict how they may fare financially.
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.
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.
