00:12:21 TaxPlanIQ's Read.ai meeting notes: Amy, Asif, Brandon, Chris, Chris, Desiree, Jackie, Jesse, Madeline, Omolara, and hope added TaxPlanIQ's Read.ai meeting notes to the meeting. Read provides AI generated meeting summaries to make meetings more effective and efficient. View our Privacy Policy at https://www.read.ai/pp Type "read stop" to disable, or "opt out" to delete meeting data. 00:12:38 Snoopy is Taking Notes: Hello everyone! I'm so glad to be here with you today. I'll be quietly helping out with recording and taking notes so you can focus on what matters most - your great ideas and collaboration. Looking forward to supporting your meeting! 00:15:52 Sarah Schariest: jackie@taxplaniq.com 00:16:21 Jack Doran: Which of the preferred vendors would be able to provide more information on the fee simple arrangements that were discussed on Monday? 00:17:18 Lauren Kinser Cordon: Welcome to today’s session! We’re so glad to have you with us. At the end of today’s session, you will receive a brief post-event survey. We would greatly appreciate you taking a moment to complete it. It not only gives us your valuable feedback, but it also ensures we have the correct information to submit your earned CPE. We are excited to get started and thank you again for joining us! 00:17:29 Bobbi Wipperling: That is Vistia Capital (Chase). You can find them under the Vendors tab or you can find them under the specific strategy (Real Estate Development with a Charitable Option Donation (Fee Simple)) under the Preferred Vendor tab. 00:18:03 Jack Doran: Replying to "Which of the preferr..." Thanks 00:18:22 Bobbi Wipperling: Replying to "Which of the preferr..." You are most welcome! Chase is great! 00:22:12 Alicia Matayoshi: Will TPIQ calculate estimate year-end W-2 gross, FWH, SWH when clients submit their YTD paystub at monthly check ins? Do I need to manually calculcate? If so are there any tools? 00:23:09 Scott Edmiston: Thanks, Jackie, for showing us the navigation steps. May feel pedantic, but it's very helpful to me. 00:23:47 Bobbi Wipperling: Replying to "Will TPIQ calculate ..." We do not currently support tax projections. You can manually do that or perhaps use a tax projection tool. I do not know of any offhand that project out the W2. When I was in practice, I would hand calc that. 00:23:56 Santha Koehn: Replying to "Which of the preferr..." I had a tax client call yesterday all upset about her tax liability, but after talking through things, she relaxed and we had a good conversation. She felt better, could understand where the numbers were coming from , and it felt like a win to me. 00:23:58 Bobbi Wipperling: Reacted to "Thanks, Jackie, for ..." with ❤️ 00:24:01 Michelle Visutsithiwong: I don't see the screen being shared 00:24:59 Bobbi Wipperling: Replying to "Thanks, Jackie, for ..." No question is too small! If you have the question, it is likely someone else does. We are always here to help! 00:25:26 Bobbi Wipperling: Replying to "I don't see the scre..." Can you try logging out and logging back in? I am able to see it. 00:25:55 Bobbi Wipperling: Reacted to "I had a tax client c..." with 👏🏻 00:26:15 Alicia Matayoshi: Replying to "Will TPIQ calculate ..." Is that a feature TPIQ will implement in future? 00:26:22 Bobbi Wipperling: @Santha Koehn that is a HUGE win! Many times the clients just don't understand. Now it's time to work on lowering that liability for 2025 and beyond! 00:26:37 Bobbi Wipperling: Replying to "Will TPIQ calculate ..." It is something we are discussing internally but do not yet have a TBD date! 00:27:06 Alicia Matayoshi: Replying to "Will TPIQ calculate ..." Most of my clients are W-2 with no businesses or rentals. Been having inquires from them. 00:27:57 Don ODell: i have a meeting with current client and his new financial advisors next Tuesday. they want to meet me and discuss tax planning for this year and 2026. i am using TaxPlanIIQ to develop strategies to review, discuss, implement, would this report help in that initial planning/meeting or would it be too much at this initial meeting? 00:29:00 Bobbi Wipperling: Replying to "Will TPIQ calculate ..." Having W-2 only does limit the type of strategies that can be implemented, but there are still some great ones, including reviewing benefits package to ensure they are maximizing their pre-tax benefits and other alternative investments such as oil and gas. 00:29:04 Stephanie T. Mepouyi: If we had already created a plan but still working on refining it - is there a way (not too manual) to add those new OBBBA strategies (if applicable)? 00:30:02 Bobbi Wipperling: Replying to "Will TPIQ calculate ..." Let's hop on another Growth Consult to go through one of your W2 clients, so you can get a good idea of what to apply to them! 00:32:01 Bobbi Wipperling: Reacted to "If we had already cr..." with 👍🏻 00:32:10 Michele Harris: Where do you update client income after you import the 1040 and create the plan? For example, client will have significant increase in income for 2025 and want to increase his income to better choose strategies. 00:33:24 Bobbi Wipperling: Replying to "Where do you update ..." During the import (RAP) process, you can update it there. Once the plan is created, you can update that information in the "Rates" option on the upper right 00:34:22 Bobbi Wipperling: Replying to "Where do you update ..." During the RAP process it is under "Client Details" 00:34:51 Michele Harris: Replying to "Where do you update ..." I saw it upon import but couldn't find where to edit after plan was created. Got it now! 00:35:16 Bobbi Wipperling: Replying to "Where do you update ..." Oh good! I was working on getting another screenshot, but sounds like it is no longer needed! Please let me know if you need more help! 00:36:27 Bobbi Wipperling: Replying to "i have a meeting wit..." We recommend only sharing that once the plan is finalized and you have a signed engagement and payment from the client. You can print the Return on Investment report sorted by Category for that initial meeting to give them an idea of different categories you can maximize tax savings in (ex. retirement, deductions, etc) 00:37:22 Michele Harris: Replying to "Where do you update ..." For the Capital Gain Strategy, is the plan amount the amount of Capital loss generated by selling investments? 00:37:34 Stephanie T. Mepouyi: If a prospect already has a 529 plan, do we just check if the contributions are max and recommend increasing it to max? If at quote time we don't know how much they contribute annually, do we just guess estimate a small amount of savings for implementing that? 00:37:46 Alicia Matayoshi: Will TPIQ integrate with TaxDome? Or does it have a "magic link" so my clients can log in to only 1 portal? 00:38:12 Gary Watts: In their Profile 00:38:27 Jennipher Branch: edit the client and click the enable button] 00:38:32 Michele Harris: Invite them 00:38:35 Larisa Lopez: Reacted to "Invite them" with 👍 00:38:38 Larisa Lopez: check the box 00:39:00 Bobbi Wipperling: Replying to "Where do you update ..." The Plan amount will be the amount of capital gain that you are shielding from tax. So, if they have a $10k capital gain that you are able to eliminate by harvesting other losses, the plan about would be $10k. 00:39:40 Bobbi Wipperling: Replying to "If a prospect alread..." That is correct Stephanie. We recommend trying to obtain that information beforehand but you can estimate as well 00:40:26 Jesse Gleaton: When do you recommend inviting a client to the TPIQ portal? Are there situations where you would not want to invite them to the portal? 00:40:27 Bobbi Wipperling: Replying to "Will TPIQ integrate ..." We do not currently integrate with TaxDome. We do have users who copy the questionnaire/our checklists to their own external portal (such as TaxDome), so there is only one portal for their clients. 00:40:28 Stephanie T. Mepouyi: Replying to "If a prospect alread..." Thanks. Was referring to the estimates before 1st call when we don't yet have lot of info 00:41:21 Bobbi Wipperling: Replying to "When do you recommen..." The only time where you wouldn't want to is if you are using your own/existing portal, and don't want them to have two separate portals. 00:43:58 Stephanie T. Mepouyi: Is there a recommended amount of time that we should not let the discovery / closing calls last? Mostly the discovery call - am thinking if it's too long there is a chance to be tempted to give away some info that we should be keeping until "engaged" 00:45:19 Cindy Irby: Can you show us what the client portal looks like from a client view 00:45:20 Alicia Matayoshi: So questionnaire can be sent without them logging into portal? 00:45:41 Bobbi Wipperling: Replying to "So questionnaire can..." Yes! When you choose to send the questionnaire you can select "by email." 00:45:47 Bobbi Wipperling: Reacted to "Can you show us what..." with 👍🏻 00:46:06 Scott Edmiston: I see that Jackie is using TPIQ sidebar and features that are embedded in the "Growth Plan" sidebar icon. Do I understand that these features/benefits are only avail to growth plan subscribers? 00:46:18 Bobbi Wipperling: Replying to "I see that Jackie is..." That is correct! 00:46:24 Alicia Matayoshi: Replying to "So questionnaire can..." 👍 00:47:34 Bobbi Wipperling: Reacted to "Is there a recommend..." with 👍🏻 00:48:39 Frank Gutta: I am doing a plan and stuck ay Review 00:49:17 Jesse Gleaton: Do y'all generally send all prospective clients this TPIQ questionnaire? Do you ever send different clients other questionnaires? I'm asking because we now use Ignition forms for new prospective clients questionnaires, we used to use Google Sheets. Problem with the one we have, is that it's not super catered to tax planning (although it is a little). I'm wondering if it would be better to send them the TPIQ one only, or both a questionnaire from TPIQ and Ignition. 00:50:04 Bobbi Wipperling: Replying to "I am doing a plan an..." Hi Frank! Can you elaborate a bit more? I am not clear if you are having an issue with the software or an issue on reviewing and finalizing as you are not sure next steps 00:50:18 Alicia Matayoshi: Replying to "So questionnaire can..." Does the questionnaire directly integrate with developing the strategies or is it just for our reference back to? 00:50:35 Frank Gutta: Replying to "I am doing a plan an..." Issue with Software 00:50:41 Bobbi Wipperling: Replying to "So questionnaire can..." Not YET! That is on our radar! 00:51:13 Bobbi Wipperling: Replying to "I am doing a plan an..." Can you please email support@taxplaniq.com and include which client you are having that issue with? We will take a look and get back to you today. 00:51:27 Alicia Matayoshi: Replying to "So questionnaire can..." How often do you update Questionnaire? If I modify it, will I not get updates? 00:51:46 Stephanie T. Mepouyi: Can you elaborate a bit more on the different rates (marginal vs effective..) that are included in the plans and how that impact the TPIQ model? 00:52:49 Alicia Matayoshi: Does TPIQ help determine when it is best time to retire? 00:53:02 Bobbi Wipperling: Replying to "So questionnaire can..." We don't update the Questionnaire. When the integrated enhancement comes, we will announce it! 00:53:25 Bobbi Wipperling: Replying to "So questionnaire can..." Your modification will not create an issues for updating your software! 00:54:51 Bobbi Wipperling: Replying to "Does TPIQ help deter..." It does not. That is more of a tax projection item and dependent upon non-tax factors as well. It's a deeper discussion to have with your client, and then you can add strategies based on those discussions and show them the tax savings based on when they want to retire! 00:55:12 Stephanie T. Mepouyi: If in the same plan we want to suggest Augusta rule and Home office, should we consider that the 14 days rental period will have to be excluded from the period under which we take the home office deduction? 00:56:08 Alicia Matayoshi: Replying to "Does TPIQ help deter..." I'm new to this...would you all help me if learning more or direct me where to learn? 00:57:47 Bobbi Wipperling: Replying to "If in the same plan ..." These are two separate strategies that can exist simultaneously. Having a home office doesn't effect the ability to utilize the Augusta Rule and vice versa. You cannot, however, utilize your home office space when determining the space utilized for the Augusta rule. You have to use a different area of your home when determining the rental rate based on area size 00:58:57 Michelle Visutsithiwong: How long will we have access to the videos? It’s a busy time until 10/15 and would love to watch the videos after that date. 00:59:57 Bobbi Wipperling: Replying to "If in the same plan ..." Please let me know if you would like further elaboration! 01:00:25 Bobbi Wipperling: Reacted to "Can you elaborate a ..." with 👍🏻 01:01:07 Stephanie T. Mepouyi: Replying to "If in the same plan ..." Yes please. So the Augusta rule can be renting your whole home (excluding home office space)? 01:02:38 Bobbi Wipperling: Replying to "If in the same plan ..." Correct! Just remember you have to justify why you are using your whole home. For example, hosting an employee or customer appreciation event - you would likely utilize most, if not all, of your home (minus the home office). So, when you are researching to determine the rental value, you will want to look for similar sized spaces in the area based on what area(s) of the home are being used 01:03:37 Bobbi Wipperling: Replying to "How long will we hav..." You will have access for the foreseeable future! We don't currently have a deadline. 01:03:51 Lauren Kinser Cordon: Reacted to "You will have access..." with ❤️ 01:04:16 Alicia Matayoshi: Did I hear right? We can only have 100 plans? Or is it 100 uploaded at one time? 01:04:49 Stephanie T. Mepouyi: Replying to "If in the same plan ..." Thanks. What supporting docs should we keep for this besides the rental agreement? 01:05:12 Jackie Meyer: https://www.taxplaniq.com/10-day-challenge-home-sept-2025 01:05:27 Bobbi Wipperling: Replying to "Does TPIQ help deter..." We have a few strategies you can review, including Retiree Planning. You can also network to connect with a financial advisor you can partner with. Some of our users are utilizing a group called Elite Resource Team that may also be of help to you. https://elitert.com/ 01:06:34 Bobbi Wipperling: Replying to "If in the same plan ..." Any research you find online that helps back the rent amount you determine. You can utilize Airbnb postings or, my preferred resource, is Peer Space. Keep a print out of those rental rates in the file for support. 01:07:33 Alicia Matayoshi: On the questionnaire it asks net worth & current brokerage balances. Where do u enter this in TPIQ? 01:07:49 Stephanie T. Mepouyi: Replying to "If in the same plan ..." I meant proof of the actual business usage 01:08:06 Bobbi Wipperling: Replying to "If in the same plan ..." Just have the client document the date used and purpose and attendance, if possible. 01:08:20 Stephanie T. Mepouyi: Replying to "If in the same plan ..." Thank you 01:08:25 Bobbi Wipperling: Replying to "On the questionnaire..." No where currently. You use this knowledge to determine which strategies are applicable. 01:08:44 Stephanie T. Mepouyi: Please make the chats records available on the challenge page as well 01:09:13 Courtney Holness: How long will we have access to the webpages for this challenge? 01:09:24 Bobbi Wipperling: Reacted to "Did I hear right? We..." with 👍🏻 01:09:47 Lauren Kinser Cordon: Replying to "How long will we hav..." We don't have an exact timeline it will be live, but Jackie did say at least until the end of this month (Oct). 01:09:57 Jesse Gleaton: Reacted to "We don't have an exa..." with ❤️ 01:10:02 Bobbi Wipperling: Replying to "Did I hear right? We..." To reiterate what Jackie is saying, on the growth plan (which you are on), there isn't a limit at 100. It is a limit of 100 to bulk upload at one time! 01:10:10 Lauren Kinser Cordon: Thank you all for joining us today. We truly appreciate your time and participation in the session. As a quick reminder, please be sure to complete the post-event survey. Your feedback is important to us, and it also ensures we have your correct information to submit your earned CPE. 01:10:14 Courtney Holness: Reacted to "We don't have an exa..." with 👍 01:10:16 Bobbi Wipperling: Replying to "Please make the chat..." Will get added!