Virtually every financial decision for higher-income taxpayers now needs to be analyzed through the lens of the regular income tax, the alternative minimum tax, the net investment income tax, and new additional brackets.
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Personal Financial Planning
PFP Resources
Author Robert Keebler’s firm is finalizing two software products for the AICPA. “Tax Rate Evaluator: A Graphical Calculator for Tax Planning After ATRA” was used to develop some of the exhibits in this column.
Sea-Change: Planning for Same-Sex Married Couples and the DOMA Decision
This column provides practitioners with an overview of the impact of the recent decision striking down a key provision in the Defense of Marriage Act ; a preliminary checklist of areas to be addressed with same-sex clients; and a discussion of the issues involved.
Cross-Border Pension Rollover Creates U.S. Taxable Income
As the global workforce becomes increasingly mobile, more and more workers must wade through the intricacies of cross-border taxation.
The Proposed Statement on Standards in Personal Financial Planning: What Does It Mean for You?
To adapt to this rapidly evolving area of practice, the AICPA released this spring an exposure draft of the Proposed Statement on Standards in Personal Financial Planning Practice.
Background and Methods of Integrative Tax Practice
CPAs must assess the methods, skills, and tools needed for family practice to better integrate clients’ most important personal finance concerns.
Pension Rescue and the Fair Market Value of a Permanent Life Insurance Policy
“Pension rescue” is a sales concept used to help sell life insurance. The problem with pension rescue is that it is based on a valuation of the life insurance policy that may not hold up to IRS scrutiny.
Top 10 Steps of Succession Planning for a Privately Held Business
Succession planning for the privately held business results in an orderly transfer of the ownership and management of the business to the next generation in a tax-efficient manner.
Tax and Financial Planning in 2012: Betting on the House?
This column reminds advisers of those tips that may be beneficial regardless of what tax changes are put in place in 2013.
Gift and Estate Tax Planning Considerations
With thoughtful planning, taxpayers can minimize gift and estate taxes while retaining some control of transferred assets by establishing trusts or limited partnerships and using the annual gift tax exclusion.
Advising Nonresidents and Recent U.S. Residents on Estate Tax Issues
Understanding the intricacies of residency and domicile is necessary to understand what will be included in a decedent’s estate for U.S. estate tax purposes.
Formula Marital Deduction Clause Not a Guaranteed Estate Tax Shelter
The Turner cases highlight the importance of properly transferring FLP interests during life in a way that avoids the trap of creating an estate tax when the decedent planned to have none.
Recent Developments in Estate Planning: Part II
This article covers recent developments in estate tax, including the portability election, proposed regs. on the alternate valuation date, FLPs.
What Can One Line Do for You?
One area where many CPA practitioners can consider offering expanded services is in personal financial planning.
Contributing to a Child’s IRA
Establishing an IRA in a child’s name can be an effective planning technique for a child with earned income.
Lifetime Tax Planning for LLC Owners
Several steps can be taken before a LLC member’s death to reduce estate and income taxes and to plan for an orderly succession.
Key Planning Considerations for Cash Flow in Retirement
Assuring sufficient cash flow during retirement is a critical planning consideration. This column addresses various factors that affect cash flow for retirees in the current economic climate.
Estate Planning for International Clients
It is essential for clients with multiple citizenship or residency to understand that the timing and manner of cross-border wealth transfers fundamentally affect their ability to minimize tax burdens.
Assisting the Newly Widow[er]ed
This article discusses ways to aid clients who have suffered the loss of a spouse or other close loved one.
Tax Planning Opportunities for Funding an IRA
This article explores various funding choices for IRAs and provides an approach or model by which the tax adviser can optimize the funding choice, given the taxpayer’s tax-related goals.
INDIVIDUALS
Current Developments in Taxation of Individuals: Part 1
This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.
