CCH has introduced a new tax planning tool to help tax advisors and their clients keep a step ahead of the fiscal cliff negotiations in Congress and the White House.
The CCH 2013 Fiscal Cliff Estimator compares a taxpayer’s 2012 tax liability against various pending tax packages currently being debated, including the latest tax proposals from the White House and Congress, the potential full extension of the Bush-era tax cuts, as well as their possible expiration at the end of the year. The tool is available via the CCH IntelliConnect research service as well as CCH Mobile.
The Fiscal Cliff Estimator integrates with CCH’s latest projection and estimate data. Users enter their taxable income, capital gains, and dividend income figures, and then select one or more of the three major plans to compare against the current 2012 tax scheme. The software then provides estimated income tax figures, with details on each plan based on personalized inputs. The tool also organizes all the major tax topics currently on the negotiation table in a simple layout.
“It enables professionals to provide a tax planning advantage for their clients and also empowers individual taxpayers with an upper hand on research for planning ahead,” said CCH product marketing manager Cindy Kaplan.
Each tax scenario projection also links to
For more information on IntelliConnect, visit
