During tax season, it’s common for both advisors and clients to be focused on tax filing forms. But tax forms may be used for more than just filing taxes. Consider using IRS tax form 1040 to launch a variety of planning discussions. Use the table below to see how the line items reveal information that can lead to specific planning opportunities.
For additional information on many of these planning topics, explore Putnam’s Investor Education resources. More details about the AMT are highlighted in “The alternative minimum tax: Tax-saving strategies.”