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We generate the observations for a tax return based on income amounts, tax amounts, marginal rates, inclusion of certain schedules and income types. The observations are specific to the return in question.
General Observations
To hide an observation, click the eye icon (red) located to the top left.
To reorder observations, click and drag the double line icon (yellow) in the bottom left.
To edit an observation, click the pencil icon (blue) at the end of the text.
If you would like to include your own custom observation, we’ve included a free-form text box at the bottom of the automatically generated observations as seen below. 
Peter and Paula Specific Observations:
Among other things, Holistiplan noted that Peter and Paula:
- self-prepare their return, and given the complexity of the return, might consider working with a tax professional to prepare their return
- are within 10% of the threshold where they will start to be impacted by the Net Investment Income Tax (NIIT)
- are in the 22% bracket, and depending on age and income, might consider a Roth conversion.
State-specific Tax Hints:
If you’ve indicated your client’s state of residence, we will generate a list of hints specific to the tax code for that state. This can be helpful if you have clients with state returns outside of the normal states you are familiar with across your overall client base.
Integrations:
You may have noticed the fpPathfinder and Kitces icons (shown below) in certain observations. Integrations are available to link your Holistiplan account with fpPathfinder and Kitces to point you towards relevant workflows within fpPathfinder and related articles from Kitces.com.
Below are some examples of the fpPathfinder and Kitces links to consider if you want resources to help you formulate a planning strategy around an observation on the Tax Report, in this case, a possible Roth conversion.
You can learn more about how these two integrations work here: