Navigate the latest trends and emerging issues with new resources and expert guidance from Checkpoint Edge.
Inform your clients about the new SECURE 2.0 Act with new client letters, download our quick guides for understanding top issues for the 2022 tax season, and tackle multistate compliance with our updated state charts.
Please note that access to the resources below requires a Checkpoint subscription except as otherwise stated. Not yet a subscriber? Sign up for a free 7-day trial today!
NEW! Client Letters on Significant New Law in the SECURE 2.0 Act
Who needs to know: Individuals with retirement accounts, plan administrators, financial and tax advisors
At the end of 2022, the SECURE 2.0 Act became law, introducing significant new rules in several key areas of the Internal Revenue Code. These include changes affecting 529 accounts, traditional and Roth IRAs, retirement plans, student loans, and conservation easements.
Checkpoint has four new client letters outlining these changes:
|¶1365 Key Provisions in SECURE 2.0 Benefiting Individuals
¶1365.1 Key Small Business Provisions in SECURE 2.0
¶1365.2 Key Retirement Plan Provisions in SECURE 2.0
¶1365.3 Changes for Conservation Easements contained in SECURE 2.0
These changes present significant tax savings for certain taxpayers and open up opportunities for practitioners to contact their clients to offer services. The SECURE 2.0 Act also cracks down on syndicated conservation easement transactions by denying conservation easement deductions to pass-through entities like partnerships and S corporations, which can affect practitioners who advise on these transactions.
2022 Federal Tax Changes for Individuals and Businesses
Who needs to know: Tax preparers during 2022 compliance season
Access two handy charts that outline the major federal tax law changes impacting the 2022 tax year and where to find related guidance on Checkpoint.
Checkpoint’s Quick Guide: 2022 Tax Season Tax Changes for Individuals
Checkpoint’s Quick Guide: 2022 Tax Season Tax Changes for Businesses
Confidently prepare 2022 tax returns and understand how new law impacts your clients – sign up today for a free 7-day trial of Checkpoint Edge!
Updated State Tax Charts!
Who needs to know: Law firms, accounting firms, businesses – especially those with activities or clients in multiple states
Checkpoint’s state tax charts have been updated with 2023 information, for example:
- Due date charts: The due date for many 2022 state tax returns is April 18th instead of April 15th because of the federal Emancipation Day holiday.
- Underpayment and overpayment interest rate charts: All charts have received an end-of-year update to reflect what’s new for 2023, including Q1 items like interest rates on overpayments and underpayments.
- New 2023 e-filing charts are live.
Easily analyze issues across multiple jurisdictions with a 7-day trial of Checkpoint Edge!