00:00:21 read.ai meeting notes: Asif, Brandon, Chris, Chris, Dave, Desiree, Jesse, and Madeline added 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. 00:02:46 Daniel Dougherty: Unfortunately I need to visit my doctor. Is this recorded for fuyture listening? 00:02:54 Sarah: Yes it is! 00:03:28 Ibi Ojo: Will be back on video in a few minutes. eating, lol! 00:03:46 Jeff Wolf: NYC-5 00:03:49 Robert Clausen: Las Vegas...0, just bought in on the software 00:03:49 Laura Strobel: DFW 1 plan 00:03:50 Carolina Grasso: Hi! Carolina from NJ 00:03:53 Hope Deleon: TX, just started-nothing yet 00:03:55 Rebecca Scott: Utah-2 00:03:55 Stephanie T. Mepouyi: DFW, Texas. 0 plan yet, signed last week 00:03:56 Tony Mauro: Des Moines, IA 10 00:03:57 Khadija Bingham: Philadelphia - nothing yet 00:03:57 Cindy Irby: Arizona - 2 00:03:57 Elena Forbes: Sacramento - 0 00:03:57 Patrick Howard: Dallas - 5 00:03:59 Sargis Ivanov: NC - 0 00:04:02 Jonathan Laddy: Sacramento - a few 00:04:02 robert king: East Texas - 1 00:04:02 Nick Secord: Florida, 15 plans 00:04:02 Ernie Sharp: Zerp formal plans. 00:04:03 Larisa: Odessa, TX. 3 00:04:03 joe vecchio: 6 00:04:04 Karen Chase: San Antonio - Have not done any plans yet 00:04:04 Keithie Graham: Hello Jackie! Dallas - 10 00:04:05 Samantha Kelley: 20ish? 00:04:08 Michael Hayes: From NC. Sold 2 plans 00:04:08 Lacee Workman: I’ve done 6 00:04:08 Noreen Cahalane: Cape Cod, MA nothing yet 00:04:08 Santha Koehn: Western Colorado. Hi everyone! 00:04:12 Ibi Ojo: Lima OH. Working on my first plan. 00:04:13 Michelle Visutsithiwong: CA - 1 00:04:14 Don ODell: Bakersfield, CA 25 plans 00:04:17 Ty Niblack: NC - none so far 00:04:18 Jack Doran: Cleveland 0 00:04:23 Salieu King: Washington, DC 00:04:27 Jason Stuber: Sarasota FL - still putting together my first one. 00:04:31 Julie Smith: Chapel Hill - 2 00:04:42 Bobbi Wipperling: Reacted to "Sarasota FL - still ..." with πŸ‘πŸ» 00:04:45 Jesse Gleaton: Los Angeles, CA - 5 or 6 00:04:55 Sarah: If you haven’t joined the Facebook group for this challenge- join here: https://www.facebook.com/groups/taxplaniq10daychallenge 00:05:10 Hope Deleon: Is there onboarding help inside of taxplanIQ when you signed up? I don't know how to use the software yet 00:07:12 Desiree Tyree: AL - 0 00:07:14 Ernie Sharp: I'm from Ashland, KY 00:07:22 Ed Lloyd: Charlotte, NC, 100+ 00:07:34 Ade Rogers: CA-16 00:07:45 Suzanne Campolo: OH - 0 00:07:46 Lake Mitchell: Chicago, Illinois 00:07:49 Lake Mitchell: 1 00:07:49 julie Long: Hammond LA, 14 plans 00:07:53 Leticia Mejia: Miami, FL, 5 plans 00:07:55 Amy Cabrero: Replying to "Is there onboarding ..." Hi Hope - there are a couple of options for you. Feel free to schedule an onboarding session with Ashly. Here is the link :https://meetings.hubspot.com/taxplaniq-onboarding-team/onboarding Additionally, under the help section, there is the User Guide. It has a video and an article there for your reference. 00:08:13 Scott Edmiston: Nashville, TN 00:08:27 Ashly Boitnott: Replying to "Is there onboarding ..." I look forward to speaking with you Hope! 00:08:44 Jackie Meyer: https://www.taxplaniq.com/10-day-challenge-home-sept-2025 starting pt! 00:09:41 Matthew Sercely: Can you remind people to mute? Someone is talking and it’s distracting 00:09:53 Lake Mitchell: Youre. uted 00:09:55 Lake Mitchell: muted 00:11:13 Hope Deleon: Replying to "Is there onboarding ..." Thank you for the info., Ashly. I'll schedule a time for the onboarding session. 00:11:21 Ashly Boitnott: Reacted to "Thank you for the in..." with πŸ‘ 00:12:51 julie Long: Not started. Just got back to work this week and saw the class available 00:12:58 Bobbi Wipperling: Reacted to "Not started. Just g..." with πŸ‘πŸ» 00:13:23 Scott Edmiston: Are there instructions on how to redact these 1040's before uploading? 00:13:29 Sarah: support@taxplaniq.com 00:13:45 Veronica Herrera, CPA: @Scott Edmiston No need to redact the system does that for you! 00:13:57 Bobbi Wipperling: Replying to "Are there instructio..." TaxPlanIQ now redacts for you, so no pre-redaction needed! 00:16:06 robert king: Any recommendations to organize strategies when document is 100+ pages? 00:17:07 Karen Chase: If I batch upload, I can't add the related parties. Does that negatively impact the tax plan? 00:18:06 Michele Harris: how much of the tax return should be uploaded? We use Ultra Tax and there are a lot of worksheets, schedules and statements in our final preparer copy saved to our files. 00:18:53 Ernie Sharp: Awesome! 00:19:07 Amy Cabrero: Replying to "If I batch upload, I..." @Karen Chase - once you have added your strategies, you can return to the client details and add in those related parties. We are working on an ehancment that will streamline this process moving forward. If you need additional help with adding the parties - just reach out and we will be happy to help! 00:19:10 Jack Doran: Cool 00:19:12 Ashly Boitnott: @Karen Chase You can add the related parties once you go in and create the tax plan. Just click on the Client Details up at the top that has the green check mark. 00:19:12 Laura Strobel: Replying to "how much of the tax ..." I just discovered with an UT file that over 250 pages stops the system. 00:19:38 Scott Edmiston: i missed what button to push to initiate the upload process. 00:19:56 Nick Secord: very awesome 00:20:32 Scott Edmiston: Thanks, Jackie!!! 00:20:40 Veronica Herrera, CPA: Replying to "how much of the tax ..." We recommend uploading the federal copy 00:21:05 Veronica Herrera, CPA: Replying to "how much of the tax ..." *the federal filing copy 00:21:39 Bobbi Wipperling: Replying to "how much of the tax ..." The RAP (read, analyze, propose) feature reads actual forms and schedules and not the statements. Here is a comprehensive list of forms that our OCR technology supports: Form_1040 Form_8582 Form_8949 Schedule_1 Schedule_2 Schedule_A Schedule_C Schedule_D Schedule_E Schedule_F Schedule_SE 00:22:20 Laura Strobel: Replying to "how much of the tax ..." @Bobbi Wipperling great information. Thank You! 00:22:28 Nick Secord: Replying to "@Karen Chase You can..." good question 00:23:34 Larisa: Im trying to join with my pc to see better, but it says at capacity 00:24:45 Rebecca Scott: Is there a way to sort the strategies in a specific order? I don't want them presented in the order that the system is putting them on the report. 00:26:21 Bobbi Wipperling: Replying to "Is there a way to so..." You can download the Report into word and reorganize within word. There is not a way to re-organize within in the software at this time. 00:26:27 Laura Strobel: @Veronica Herrera, CPA can you mention your suggestion about finding all options then breaking out into smaller plans that you metioned two weeks ago in one of our Growth plan sessions? 00:26:43 Keithie Graham: Reacted to "@Veronica Herrera, C..." with πŸ‘πŸ½ 00:27:16 Rebecca Scott: Reacted to "You can download the..." with πŸ‘ 00:27:45 Veronica Herrera, CPA: Replying to "@Veronica Herrera, C..." phase 1 and phase 2? that Jackie is discussing? 00:28:25 Stephanie T. Mepouyi: Is there a specific period of the year where it is recommended to review the plan and identify what strategies to implement in the subsequent years? And should this review include assessing if previous phase(s) strategies should be maintained/ stopped? 00:28:29 Laura Strobel: Replying to "@Veronica Herrera, C..." You had the idea to put all options in one plan then break out into smaller plans that are presented to the clients in phases. 00:30:04 Bobbi Wipperling: Replying to "Is there a specific ..." We will have @Jackie Meyer address this to the group. Thank you for the question! 00:30:22 Jeff Wolf: Replying to "Is there a specific ..." Yes 00:30:32 Karen Chase: Reacted to "@Karen Chase You can..." with πŸ‘ 00:31:24 Scott Edmiston: Replying to "how much of the tax ..." That's the trick, isn't it. During the 1st plan-presentation meeting, giving enough information to a potential client without giving away all the detail. 00:31:38 Laura Strobel: Reacted to "That's the trick, is..." with πŸ‘ 00:31:44 Bobbi Wipperling: Reacted to "@Bobbi Wipperling gr..." with πŸ‘πŸ» 00:32:04 Bobbi Wipperling: Replying to "how much of the tax ..." @Scott Edmiston Exactly! You don't want to hand them a plan for free! 00:33:20 Elena Forbes: Once the plan is saved and live can I change delete or adjust something within the plan? 00:33:47 Bobbi Wipperling: Replying to "Once the plan is sav..." Yes! You can add, delete, edit all items once the plan has been created and goes live! 00:34:13 Stephanie T. Mepouyi: If we plan on billing a diagnostic fees and haven't done so yet, is it appropriate to send this now? 00:34:37 Michele Harris: If uploading a 2024 tax return, the plan year should be 2025? 00:35:08 Scott Edmiston: Replying to "how much of the tax ..." how do i access these email templates. 00:35:09 Scott Edmiston: Replying to "how much of the tax ..." ? 00:35:37 Bobbi Wipperling: Replying to "If uploading a 2024 ..." Most of the time, yes. It should be for the year you are planning on implementing strategies for. 00:35:51 Sarah: Replying to "how much of the tax ..." They are on the Lesson 1 page here: https://www.taxplaniq.com/10-day-challenge-day-1 00:35:58 Scott Edmiston: Replying to "how much of the tax ..." thank you! 00:36:24 Sarah: The email templates can be found on the Day 1 page here: https://www.taxplaniq.com/10-day-challenge-day-1 00:36:50 Bobbi Wipperling: Replying to "If we plan on billin..." Did you discuss a retainer/diagnostic fee prior to running the scenario? It might be awkward to bill after-the-fact if you have not had that conversation yet. Otherwise, collect upfront! 00:38:12 Khadija Bingham: Wow, this is incredibly helpful. Thank you. 00:39:36 Stephanie T. Mepouyi: Replying to "If we plan on billin..." For the 2 I reached out to already, I mentioned a retainer fee prior to moving forward 00:39:58 Ibi Ojo: How do you handle when the potential strategy involves a large cash out lay? For example, i have one that they need to shed almost 75K to save $37K. I am nervous about presenting that. 00:40:09 Michele Harris: Explain Related Parties 00:40:36 Bobbi Wipperling: Wonderful! I would have them provide their information, if they haven't already, and collect the fee. You may want them to sign an engagement letter as well to outline that the retainer is for an analysis and review meeting, as applicable 00:41:47 Nick Secord: are there specific questions that you "always ask" in discovery? 00:43:09 Bobbi Wipperling: Replying to "are there specific q..." Yes! The 5 questions in the "General Announcement email" about halfway down this page are a MUST. We highly encourage using the questionnaire as well 00:43:20 Stephanie T. Mepouyi: When analyzing the cash available for tax strategies, I guess we should include our fees payment. Think differently? 00:44:46 Ibi Ojo: Interesting observation - the questionnaire was completed, but 0/25 is in the answered column! 00:44:58 Bobbi Wipperling: Replying to "Explain Related Part..." Related parties are any other related taxpayers. Example - S Corp, Rental, LLC, etc. The client name is automatically included as a Related Party. When you are in the plan, you have to assign the Payor to a Related Party. You will want to assign it to the Related Party that will incur the strategy expense (ex. Augusta Rule would be an S Corp, Partnership, or C Corp associated with the Taxpayer) 00:45:34 Bobbi Wipperling: Replying to "Interesting observat..." This is on our radar - we have a development ticket open to correct this. Thank you! 00:45:34 Michele Harris: Replying to "Explain Related Part..." thanks! 00:45:50 Karen Chase: Can you save a different questionnaire for each client? 00:45:54 Laura Strobel: Reacted to "This is on our radar..." with πŸ‘ 00:45:54 julie Long: Does this questionnaire work on the phone app for them? 00:45:55 Bobbi Wipperling: Reacted to "thanks!" with πŸ‘πŸ» 00:45:59 Jesse Gleaton: Replying to "how much of the tax ..." @Veronica Herrera, CPA do you recommend also including the state return for high impact states like CA and NY, or stick with only federal filing copy? 00:46:06 Ibi Ojo: I got unsure when i asked about cashflow! lol! 00:46:49 Lawrence Pappas: How do you send the questionnaire to a potential client? 00:46:51 Omolara Ogunlana: Replying to "Interesting observat..." Thank you for bringing this to our attention and we will get this resolved ASAP 00:47:02 Loren Oesterle: A client(s) whose husband has an S-Corp, but the spouse is a sole proprietor and should be an S-Corp, how would this be addresses? 00:47:14 Ibi Ojo: Replying to "Interesting observat..." Thank you. 00:47:30 Bobbi Wipperling: Replying to "When analyzing the c..." Yes! That is included in the ROI as well. You want to take into consideration if they have cash flow heavy strategies being suggested when assessing your fee. 00:49:07 Ibi Ojo: I do not see the potential client assessment tab 00:49:11 Scott Edmiston: Replying to "how much of the tax ..." On the questionnaire: Perhaps a "return to default" function. 00:50:23 Lake Mitchell: Is there also a way for them to upload their 1040 to the questionnaire portal? 00:50:44 Loren Oesterle: Will there be a summary and/or a replay of this meeting? 00:50:49 Bobbi Wipperling: Replying to "Is there also a way ..." Yes! It is in the generic one we provide - the last tab! 00:51:01 Jaclyn McGuinness: Can we set up an additional Questionnaire for current clients and use your stock Q for new clients, or are we limited to one Q per instance. 00:51:03 Bobbi Wipperling: Replying to "Will there be a summ..." Yes! The video will be sent out to all registrants 00:51:06 Lauren Kinser Cordon: Replying to "Will there be a summ..." Hi Loren, yes there will be 00:51:17 Bobbi Wipperling: Replying to "Can we set up an add..." One questionnaire per instance as of now! 00:51:35 Omolara Ogunlana: Replying to "Does this questionna..." For the best experience, we recommend accessing the questionnaire on a computer using Google Chrome. 00:52:14 Jackie Meyer: https://www.taxplaniq.com/10-day-challenge-home-sept-2025?hs_preview=AYJfDPzg-195920455598 00:52:37 Sarah: Reminder to join the FB group for any questions throughout the challenge: https://www.facebook.com/groups/taxplaniq10daychallenge 00:52:55 Scott Edmiston: Replying to "how much of the tax ..." CPE credits are updated per session? 00:53:00 Bobbi Wipperling: Replying to "A client(s) whose hu..." Hi Loren! Can you please email this question to support@taxplaniq.com. Please include as much detail as possible, and we will get back to you. It's a longer answer that will be easier to discuss via email! 00:53:32 Lauren Kinser Cordon: Replying to "I do not see the pot..." Hi, please reach out to support@taxplaniq.com so we can assist with this 00:53:46 Keithie Graham: This is great to hear!! 00:54:11 Jackie Meyer: Jackie@taxplaniq.com 00:54:27 Carolina Grasso: Thanks Jackie!! 00:54:29 Stephanie T. Mepouyi: Thanks Dr Jacks and team! 00:54:32 Michelle Visutsithiwong: Thanks Dr Jacks and team! 00:54:33 Lynn Quick: Thank you 00:54:35 julie Long: Great job, thank you 00:54:36 Leticia Mejia: thank you 00:54:45 Lake Mitchell: Thank you!! 00:54:48 Courtney Holness: Thank you! 00:54:49 Ibi Ojo: Thanks! 00:54:50 Michael Hayes: Thank you 00:54:52 Jorge Jurado: Thank you! 00:55:01 Ron Joseph: Thank you! 00:55:01 Larisa: Could we get the email sent for the homework 00:55:04 Loren Oesterle: Great stuff!! Thank you! 00:55:06 Larisa: Larisa@llservicesllc.net 00:55:07 Samantha Kelley: Thank you! :) 00:55:16 Jackie Meyer: Thanks so much!!!!! 00:55:34 Stephanie T. Mepouyi: Still confused on what should be the great process for reaching out the client: between uploading 1040, sending quick small questionnaire, retainer, long questionnaire. Can someone help separately? 00:56:01 Stephanie T. Mepouyi: Thanks 00:56:03 Sarah: Replying to "Could we get the ema..." Homework will be sent later today!