by Steve Kampa, Tax Manager
Content continues to be added to the Tax Planning Tools database in Lotus Notes. Here is a list of the items added in August:
• A Guide to Implementation of Extended Tax Services Strategy
• Conflict of Interest Waiver Template
• Demutualization Income for Insurance Policyholders Idea
• Housing Assistance Act of 2008 Client Letter and Summary
• Late S Corp Election Request Letter
Additionally, the following items are set to be released in September:
• Tax Workpapers for C Corp, S Corp and Partnerships Templates
• Hedging Transactions under Section 1221 Idea
• Entity Selection Manual
• Extended Due Date Change for Certain Partnerships and Trusts Client Letter
One item to note this month is the IRS announcement of a review of payroll tax compliance. This was first brought to light in the Assisting Clients with the IRS QETP Initiative Idea. As you go through professional reading on this topic, check out the Idea in the database for additional insight into how this may affect clients and how you can assist your clients in this area.
The items released have been developed based on input from member requests as well as recent developments in tax. If you have areas you would like to see developed or have questions on any of the tax tools databases, please contact Steve Kampa at steve.kampa@rsmi.com or 651-488-1537.
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