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Recent legislation has brought numerous alterations to the tax law, but many of these highly impactful tax changes are unique in that they are contained in laws that, at least on the surface, are not tax-related. In short, today you find hidden—but important—tax implications in unexpected places.

This single-volume reference takes you through all the income tax topics your clients may encounter, no matter where they originate, providing easy-to-understand, practical guidance for situations that are often confusing.

The Tools & Techniques of Income Tax Planning, 4th Edition, provides everything you need to put the optimal strategic plan in place, while taking into consideration the tax-related elements of:

• The American Recovery and Reinvestment Act
• The Affordable Care Act
• The American Taxpayer Relief Act

From mastering the fundamentals of income tax law to managing the implications of wealth transfer—and more—this fully revised and enhanced volume puts expert guidance and successful income tax strategies right at your fingertips.

The Tools & Techniques of Income Tax Planning, 4th Edition, contains six entirely new chapters, which were added to fully reflect recent legislative changes as well as other, crucial developments in this area: 

• Business and Non-business Losses
• Self-Employment and Social Security Taxes
• Additional Medicare Tax on Earned Income and Net Investment Income Tax
• Withholding and Estimated Tax Requirements
• Income Tax Issues in Wealth Transfer Planning
• Discharge of Debt

Filled with the actual, applicable tools and techniques you need to help clients manage tax issues, this single volume takes you right to the heart of topics affecting individual taxpayers as well as small- and medium-sized business owners. It is intended to help you master the tax issues faced by your clients, today, and confidently advise them on setting proven income tax strategies for tomorrow.