What You'll Learn In Today's Episode:

• The relationship between financial advisors and CPAs can be collaborative rather than competitive.
• Basic tax planning is often overlooked but crucial for client success.
• Actionable strategies are more effective than theoretical knowledge in tax planning.
• The 1099 letter serves as a vital communication tool between advisors and tax preparers.
• Roth conversions can be beneficial but require careful consideration and communication with CPAs.
• Office hours provide a platform for advisors to seek guidance on specific tax questions.
• The 37-point checklist helps advisors systematically review client tax returns for missed opportunities.
• Building strong relationships with CPAs can lead to increased referrals for advisors.
• Understanding the nuances of tax returns is essential for effective financial planning.
• Continuous education and support are key to successful tax planning for financial advisors.

In this episode of the Perfect RIA Podcast, hosts Matthew Jarvis and Steven Jarvis discuss the importance of actionable tax planning strategies for financial advisors. They explore the dynamics of their family relationship, the significance of basic tax planning, and how to build collaborative relationships with CPAs. The conversation also covers the role of 1099 letters in tax preparation, the nuances of Roth conversions, and the support provided through office hours for advisors. Additionally, they highlight the value of the 37-point checklist in ensuring comprehensive financial planning.