Content continues to be added to the databases in Lotus Notes. Here is a list of the items added in November & December:
Tax Planning Tools
Strategies, Ideas, Templates & Manuals
• Reasonable Compensation Manual
• Personal Use of Automobile Calculator
• Redesigned Form 990 Sample Presentation
• Maximizing the Recurring Item Exception Strategy
• Inadvertent S Corporation Termination Request Letter
• Insolvent Taxpayer CODI Exclusion from Income Idea
• Intermediate Sanctions Rebuttable Presumption Checklist
• IRA Losses Idea
We will have several items released prior to year end to assist you with year end tax planning for your clients. Items will be published in the monthly newsletter and on the website at www.advancecpa.net.
Tax Practice Policy
There will be more changes to this database once the IRS releases the final Regulations on Section 6694 Paid Preparer Penalties before the end of the year. Watch for updates in thedatabase, in the monthly newsletter and for webcasts covering the topic on LearningLinks.
Tax Compliance & Reference
The new items are located in the What’s New view within the database. Highlights include:
• Bonus Depreciation Swap Calculator
• Tax Review Signing Authorization Form
• UK Change in VAT Alert
• Client Explanation for Section 7216 Requirements
• Reportable Transaction Disclosure Communication
• Accounting Method Change Requirements per Rev Proc 2008-52 Information
To view these and many other recently released items, search for “What’s New” in the What’s New view and sort the results by ‘last modified’. Check out the databases today for these new additions and start leveraging your way to a more efficient and profitable firm.
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 questionson any of the tax tools databases, please contact Steve Kampa at steve.kampa@rsmi.com or 651-488-1537.
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