Tax Planning

December 3, 2014 

The end of the year is a time to reflect upon the past and plan for the future, including planning for income and estate taxes. Below, we present some important income and estate tax items to consider before the end of the year.

December 1, 2014 

There is no better time than the holiday season to review any year-end tax planning decisions that could lead to savings come April 2015. Taxpayers have had time to adjust to the tax rate changes from 2013, so when it comes to prudent tax planning ...

November 26, 2014 

Feeling generous this Holiday Season? The Internal Revenue Service is reminding individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should k

Isaac M. O'Bannon

November 18, 2014 

New legislation has brought greater certainty to year-end planning but also created new challenges.

November 14, 2014 

The portability provision can literally save a family millions of federal estate tax dollars if a timely election is made. For some clients who missed the boat, there’s still a little time left to sail off happily into the sunset, thanks to a special IRS

Ken Berry, JD

November 5, 2014 

When advising clients about important financial decisions, tax advisors have a tremendous responsibility to think about all aspects of transaction in the context of a client’s specific situation.

November 5, 2014 

Year-end planning and preparation for your clients is crucial. With holidays and deadlines fast approaching, payroll practitioners want to work with their clients to ensure they meet all year-end deadline

Taija Sparkman

October 20, 2014 

Thomson Reuters has released a new special report on year-end tax planning for 2014 for individuals and businesses. The report highlights the unique opportunities and challenges faced by taxpayers in today’s uncertain legislative environment. It describes the moves to make by year-end to achieve maximum overall tax savings for 2014 and later tax years. It...…

Isaac M. O'Bannon

October 16, 2014 

[This is part of a special series about year-end tax planning and preparation.] In the usual case, the tried-and-true tax strategy at the end of the year is to pull deductions into the current year and push income into the following year. And, for the most part, it still makes sense. But now there’s a few...…

Ken Berry, JD

October 15, 2014 

While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.

October 10, 2014 

By Bill Kennedy, CPA, CA The Affordable Care Act changes had the biggest impact on tax software across the country this year, as developers scrambled to incorporate the new Net Investment regulations into their packages, particularly for high net worth individuals. All of the packages reviewed have been updated for the impact of this legislation....…

October 10, 2014 

Basic System Functions: 5 Stars Firms using the Lacerte tax preparation software will find the tax planner interface to be very similar and easy to navigate. The main window of the program has a menu bar at the top followed by a toolbar with icons. To navigate through the program, there are worksheet tabs below...…

Bill Kennedy