The Tax Planning Tools database in Lotus Notes is being populated on a routine basis. The items released since May are as follows:
Tax Planning Tools
Section 179D Green Building Deduction Strategy
WOTC Jobs Credit Strategy
Auto Dealer LIFO Idea
Dealing with IRS QETP Initiative Idea
Recession Planning Opportunity Idea
Federal Disaster Declaration Process Manual
Basic Estate Planning Manual
2008 Farm Bill Client Letter
AAA Reconciliation Template
Payroll Bonus Gross Up Calculator
Form 990-T Disclosure Client Letter
Section 403(b) Retirement Plan Changes Client Letter
Tax Practice Policy
Additional items have been updated in the Tax Practice Policy database regarding Section 6694 Paid Preparer Penalties, templates to use when releasing client information to third parties or successors including updates to the explanation section. Other policy updates or changes:
1.02 Compliance with Tax Policies
2.01 Client Acceptance
2.03 Arrangement Letters
4.01 Preparing and Reviewing Written Tax Advice
4.04 Other Written Communications
4.06 Reportable & Listed Transactions – List Maintenance
5.06 Collections and Offers in Compromise
6.04 Providing Documents and Workpapers to Clients and Third Parties
Tax Compliance & Reference
The new items are located in the What’s New view within the database. Highlights include accounting method changes for gift cards, M&A transaction items and items affecting the Section 199 Domestic Manufacturer’s Deduction plus much more as noted in the weekly Tax Digest newsletters.
Check out the databases today for these new additions and start leveraging your way to a more efficient and profitable firm.
Have an item you can’t find or would like to see developed? Send an email to Steve Kampa at steve.kampa@rsmi.com or call 651.488.1537.
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