Zebra Smash - Real Financial Planners | Real Conversations

(CFP CE quiz available at www.cheetahsmash.com.) Perhaps no single document contains as much valuable information about a client's life than their tax return. Successful advisors need to know how to navigate tax returns and identify those entries that bear scrutiny or indicate planning opportunities. In this episode, Roger and Ben describe the processes and checklists that their respective firms use when reviewing client tax returns. If you take away just one thing, we hope it's the idea that simply having such a checklist is critical to ensure consistency and completeness across reviews, particularly if you're looking to scale your practice. But you want to take away more than one thing, right? Of course you do. That's why you listen to Zebra Smash. Our deep dive into the 1040 includes: Everyone's favorite supporting schedules: A, B, C, D, E, and even F Commonly seen issues with Qualified Charitable Distributions (QCDs) and Original Issue Discount (OID) income How to use Alternative Minimum Tax (AMT) to you