Tax Planning

September 14, 2016 

Ideal for small to mid-sized firms, Lacerte Tax Planner, from Intuit, offers an easy to use tax planning product that is well suited for those looking for a stand-alone product, as well as those wishing to integrate with other Intuit financial products.

Mary Girsch-Bock

September 14, 2016 

Thomson Reuters Planner CS : https://cs.thomsonreuters.com/planner Best Fit: Firms of any size that are currently or planning to use CS Professional Suite of applications with gain the most benefit using Planner CS. Product Strengths: Product offers excellent integration with other CS Professional Suite of applications Excellent report customization and built-in word processing capability Numerous deployment...…

Mary Girsch-Bock

August 9, 2016 

Trying to reclaim some momentum in his presidential election campaign, Donald Trump, the Republican candidate, is tweaking his tax plan. In a far-ranging speech on economic policies on August 8, Trump proposed cuts in individual tax rates, although not as drastic as in previous proposals. The billionaire also advocated tax reforms in line with the...…

May 19, 2016 

In the wake of the entertainer Prince’s death, it has been called “the worst estate planning sin a wealthy artist could commit: leaving no will at all.”

May 6, 2016 

One of the issues that often causes a high degree of client confusion is whether or not a withdrawal from their IRA account will be taxable, and if so, to what extent.

February 1, 2016 

The American Institute of CPAs (AICPA) has submitted comments to the Internal Revenue Service (IRS) and U.S. Department of the Treasury about IRS draft Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent, and draft ...

January 19, 2016 

The figure that is likely to grab your attention is 52 percent. That is the top tax bracket proposed by Sanders, a plateau that hasn’t been reached since a watershed 70 percent rate was scaled back in the 1980s. The top tax bracket peaked at 91 percent...

January 15, 2016 

Thomson Reuters has released a special report highlighting key tax developments in 2015 to aid practitioners in 2015 tax return preparation and support 2016 planning.

January 15, 2016 

Carson would also eliminate deductions for charitable contributions, mortgage interest and state and local income taxes, while repealing the alternative minimum tax (AMT), the earned income credit and the rules for depreciation.

January 12, 2016 

  The American Institute of CPAs (AICPA) has submitted comments to the Internal Revenue Service (IRS) about the IRS’s new policy of issuing estate tax closing letters only upon a separate request four months after filing the estate tax return.  The IRS announced changes related to the issuance of estate tax closing letters on the...…

December 28, 2015 

Calls for federal income tax cuts are a time-honored tradition by presidential candidates of all stripes, but the Tax Policy Center study says that Trump’s plan dwarfs the proposals made by other GOP contenders.

Ken Berry, JD

December 22, 2015 

Each year, employers across the country realize that they need to adjust their payroll data after their final payroll run of the year. Here are three of the most common adjustments that can be avoided with just a little planning.