It addresses the issues that you and your staff encounter when responding to client questions or planning transactions affecting closely held corporations and their shareholders, such as:
- The new 3.8% net investment income tax becomes effective in 2013. Several chapters include discussions on the newly proposed regulations regarding the net investment income tax as it applies to dispositions of corporate interests, distributions from corporations, and activities that are considered passive under the new tax.
- A new section is included in the Guide that summarizes the Affordable Care Act rules that become effective in the next two years. All businesses need to be aware of the new requirements and possible penalties.
- The discussion is updated for the estate and gift tax applicable exclusion amount and the top marginal tax rate that applies for 2013.
- The Guide is updated for the extension of the 50% bonus depreciation, the increased section 179 amount, and other favorable changes made by the American Taxpayer Relief Act of 2012.
- New and updated practice tools are included, such as a quick access tax data sheet, a summary table and client letter explaining 2012 American Taxpayer Relief Act provisions, and a summary of the major expensing opportunities in the tangible property regulations, to name a few.
The Guide enables you and your staff to do this because it is written, updated, and reviewed by accountants and tax attorneys just like you, who have experienced the same frustrations that you have in serving clients and growing the practice.
The exclusive Form 1120 roadmap in the Guide will enable you and your staff to identify tax planning strategies, which can be used as a starting point for further discussions, by simply reviewing a client’s Form 1120. This can be the first step to a proactive approach for providing value-added planning services.
The Guide provides detailed analysis, including hundreds of true-to-life examples that illustrate the benefits your clients can realize, traps to avoid, procedures to follow, and so forth. You don’t get stuck trying to decipher the Code, regulations, cases, and rulings. And you don’t pay for a lot of generic discussion you could have gotten for free from an IRS publication. We’ve already done the analysis for you, and at a great price.
Tax planning is a service that can save your clients thousands of dollars. Now in its 20th edition, PPC's Tax Planning Guide-Closely Held Corporations is the one resource you need to efficiently and effectively provide a wide range of tax planning services to closely held corporations and their shareholders.