Smart Tax Planning Now: 20 Days of Tax Planning Advice for 2013

For the third year in a row, we present tax planning advice throughout the month of March to help you, and your clients, deal with tax season

More On Tax Planning

from The Advisor's Professional Library
  • Selected Provisions of the American Taxpayer Relief Act of 2012 The experts of Tax Facts have produced this comprehensive analysis of selected provisions of the American Taxpayer Relief Act of 2012 (the Act) to provide the most up-to-date information to our subscribers. This supplement analyzes important changes to the tax code with emphasis on how these developments impact Tax Facts’ major areas of focus: Employee Benefits, Insurance, and Investments.
  • Taxation of Real Estate Real estate may be used to shelter income and may offer certain tax benefits. However, the type of real estate investment may result in different tax treatment. Learn how to use these investments to help your clients.

Tax Planning 2013Nothing is certain except death and taxes. Or to apply these words— written by Benjamin Franklin in a 1789 letter—to advisors and their clients, nothing’s certain except there will be changes to the Internal Revenue Code, including changes to estate planning.

For the third year in a row, the editors at AdvisorOne will present a month’s worth of tax planning tips—there are 20 business days (when the markets are open) in March 2013—to keep you up to date on changes to the IRC. In addition, our intent is to report and write not only on the IRC, Treasury Dept. tax regs and Tax Court rulings, with a big helping hand from our colleagues at Tax Facts Online, but also to present the practices and tax planning strategies followed by your peers: a select group of bloggers and other advisors whom we’ve interviewed and asked to blog on the topic.

We invite you to return to this article as we update the calendar below for 20 Days of Tax Planning Advice for 2013, and to our Tax Planning Advice landing page. For your edification, the full quote from Ben Franklin was "Our Constitution is in actual operation. Everything appears to promise that it will last; but in this world nothing is certain but death and taxes." Or in the original French—Franklin was writing to a scientist friend in Paris, Jean-Baptiste Leroy—“Notre constitution nouvelle est actuellement établie, tout paraît nous promettre qu’elle sera durable; mais, dans ce monde, il n’y a rien d’assure que la mort et les impôts.”

20 Days of Tax Planning Advice for 2013

Friday, March 1
Are Your Investments Tax Efficient?
Despite Washington's antics, many of the issues with tax-efficient investing have remained surprisingly constant, David Peterson of United Capital says.

By JOHN SULLIVAN, ADVISORONE 

Monday, March 4
The U.S. Tax System: How Did We Get Here? Pt. 1, the Early Years
In tax season 2013, a look back at the very beginnings of taxation in the U.S., and Americans' attitudes toward taxes.

By MIKE PATTON

Tuesday, March 5
Top 10 Tax Cheats: the Big, the Bad & the Weird
From the infamous Al Capone to our top choice (you won’t believe what job he held before his conviction), these 10 learned the lesson the hard way—and some learned it repeatedly.

By DAN BERMAN, ADVISORONE

Annuities and Taxes, Pt. 1: Contract Payments
By TAX FACTS ONLINE
What general rules govern the income taxation of payments received under annuity contracts?

Wednesday, March 6
Annuities and Taxes, Pt. 2: Variable Immediate Payments
The Tax Facts Online experts explain the tax implications of receiving a payment through a variable immediate annuity.

By TAX FACTS ONLINE
How are payments under a variable immediate annuity taxed?

Thursday, March 7
IRS Tips to Prevent Identity Theft
According to the National Taxpayer Advocate’s 2012 annual report to Congress, ID theft is mushrooming into a far bigger problem in the tax arena than many taxpayers may suspect.

By MARLENE Y. SATTER, ADVISORONE

Friday, March 8 
New Tax Law, Said to Squelch Giving, Could Actually Boost It
An analysis of the new law as part of the fiscal cliff deal finds that it “has negligible effects on the tax incentive for charitable giving.” In fact, it increases the incentive to give.
By MICHAEL S. FISCHER

Annuities and Taxes, Pt. 3: The Estate Tax
By TAX FACTS ONLINE
What are the estate tax results when a decedent has been receiving payments under an annuity contract?


Monday, March 11

Women and Taxes: Tax Season Gender Gap?
Now that the fiscal cliff deal is a reality, women—whether young, in mid-career or retirement age—can expect to see a few tax rules that will affect them especially.

By

Tuesday, March 12
The U.S. Tax System: How Did We Get Here? Pt. 2, the Middle Years
By MIKE PATTON
From the first U.S. default during the Revolutionary War to the first income tax during the Civil War to the 16th Amendment, taxes have been a source of contention. 

Wednesday, March 13
Health Care and Taxes, Pt. 2: Long-Term Care Insurance
By TAX FACTS ONLINE
The experts at Tax Facts Online discuss whether long-term care insurance premiums are tax deductible. 

Thursday, March 14
Employee Benefits and Taxes: Cafeteria Plans
By TAX FACTS ONLINE
The experts at Tax Facts Online on the tax benefits of cafeteria plans. 

Friday, March 15
Congress Starts Work on Tax Code Reform
By JAMES J. GREEN, ADVISORONE
While skepticism remains, committees in both houses start high-profile work on reform.

Monday, March 18
An Overlooked Way of Using the Tax Code for Social Policy
We know the mortgage interest deduction encourages homeownership, but what are the benefits of the depreciation allowance for rental properties?
By MIKE PATTON

Tuesday, March 19
IRAs and Taxes, Pt. 1: When Are IRA Funds Taxed?
The experts from Tax Facts Online on the tax treatment of individual retirement accounts.
By TAX FACTS ONLINE

Wednesday, March 20
IRAs and Taxes, Pt. 2: IRA Rollovers
The experts at Tax Facts Online on converting a retirement plan to a Roth IRA.
By 
TAX FACTS ONLINE 

Thursday, March 21
Obama Budget Endangers Some Estate Planning Techniques
Loophole closure would severely reduce wealth planners’ arsenal.
By MICHAEL S. FISCHER

Friday, March 22
Congress Gets Ready to Tackle Tax Reform, Budget
Congress is abuzz with activity as lawmakers start overhauling the tax code and plan to finish a continuing resolution to fund the government.
By MELANIE WADDELL


Monday, March 25
Gas and Cigarettes: The Tax Sticks That Keep on Hittin'
A look at how federal and state taxes hit car owners and smokers: are they meant to change behavior or just raise revenue?
By MIKE PATTON

Tuesday, March 26
What Are the Tax Advantages of Owning ETFs?
By TAX FACTS ONLINE

Wednesday, March 27
When a Precious Metal Is Sold, How Is the Transaction Taxed?
By TAX FACTS ONLINE

Thursday, March 28
What Are the Tax Benefits of Real Estate Investment?
By TAX FACTS ONLINE

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