Tax Report: Observations

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

Observation Settings

• 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.

To include a custom observation, use the free-form text box at the bottom of the auto-generated observations:

_{Editing, reordering, and hiding observations may not be possible if your firm or BD settings are restricted.} 

State-specific Tax Hints:

While optional, if a user indicates a client’s state of residence in the client's household page, the report will generate a list of hints specific to the tax code for that state. This can be especially helpful when advisors serve clients in states where they may be less familiar with the tax code.

Integrations:

Users who have enabled integrations with fpPathfinder and/or Kitces.com may see the respective icons for each next to certain observations. The integration allows users to see workflows and checklists (fpPathfinder) or articles (Kitces.com) associated with those observations.




To learn more about these integrations and  how to enable them, click the relevant link below:

• fpPathfinder Integration
• Kitces Integration