Tax Planning

Topics

April 13, 2017

A new tax-efficient approach to protecting unrealized gains

A stock protection fund may be helpful to some investors.

December 1, 2016

Lump-Sum Distributions of Employer Stock Present Opportunities

When a qualified retirement plan account holds employer stock, a retirement plan participant could save thousands of dollars with proper planning.

December 1, 2016

Tax Planning Opportunities for Tax Attributes and the Decedent’s Final Tax Return

Careful and thoughtful advanced planning can result in substantial tax savings.

November 1, 2016

Deciding Whether to Roll Over to a Roth IRA

Deciding whether it makes sense to trigger the resulting tax liability depends on several factors.

April 1, 2016

Tax Planning for High-Net-Worth Individuals Immigrating to the United States

Foreign high-net-worth individuals immigrating to the United States should seek advice to minimize exposure to the U.S. income, gift, and estate tax system.

March 1, 2016

Roth IRA Planning

The opportunity to get more assets into Roth vehicles via various means has evolved over the last several years.

November 1, 2015

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.

November 1, 2015

Capitalizing on the Lower Dividend Tax Rate

Identifying qualified dividends and helping taxpayers meet the requirements for qualified dividend status are valuable client services.

September 10, 2015

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.

September 1, 2014

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.

July 1, 2014

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.

May 1, 2014

Retroactive Tax Planning After Windsor

Married same-sex couples must now file their federal income tax returns as either married filing jointly or separately, but they have a choice whether to amend their federal income tax returns for open years during which they were legally married.

December 13, 2013

Immediate Year-End Planning Opportunity for Existing CRTs

The immediate planning opportunity for CRTs is to harvest short-term and long-term capital losses. Here is how it works and what changed from earlier years.

December 1, 2013

New Brackets, Net Investment Income Tax Expand Scope of Tax Planning

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.

September 1, 2013

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.

June 1, 2012

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.

May 1, 2009

Financial Planning Using a Client’s Form 1040

CPAs can provide valuable assistance to their clients by taking some time after busy season to use the tax return as a guide to helping their clients deal with the current economic difficulties.

August 1, 2007

Divorce and Gain Exclusion

For most couples contemplating divorce, the largest single asset at issue is their personal residence. In most situations, one spouse moves out of the residence during the separation and divorce proceedings. Tax consequences are often ignored, as the primary concern is the division of marital assets. However, focus normally returns