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What’s New in Tax Tools

Content continues to be added to the databases in Lotus Notes. Here is a list of the items added in January & February:

 

Tax Planning Tools
Strategies, Ideas, Templates & Manuals
• Reasonable Compensation Manual
• Redesigned Form 990 Client Data Extraction Tool
• Maximizing the Recurring Item Exception Strategy

 

We will have several items to release to assist you with tax planning and extended tax services for your clients. Items will be published in the monthly newsletter and on the website at www.advancecpa.net.

 

Tax Practice Policy
The Tax Practice Policy database is updated on a quarterly basis. There will be changes to this database in the coming months as the IRS has released the final Regulations on Section 6694 Paid Preparer Penalties. Watch for updates in the database, 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
• Section 7216 Consent Forms
• Arrangement Letters & Terms, Conditions and Limitations
• Bonus Depreciation Swap Calculator
• 2009 Federal Tax Rates
• Pension Plan Limitations for 2009
• Workpaper Access Forms for Successor Accounting Firms
• Various SALT Alerts

 

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 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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