Doug first talks with Jim about what he found at the AICPA's Tax Conference in Washington, D.C., including his impressions of how the new IRS Commission, Charles Rossotti, is doing. Doug says Mr. Rossotti has a business background, which has manifested in a more effective and efficient IRS for the government and taxpayers.

Doug and Jim continue their series on Estate Trusts, beginning with a brief review of past trust categories, and then moving on to cover the specifics of how to understand the Unified Credit and how it affects your estate planning. They then discuss the merits and disadvantages of a Charitable Remainder Trust.

Doug talks with Jim about various kinds of trusts to help you preserve your estate and shelter it from unnecessary taxes. Specifically, they discuss the Bypass Trust, Living Trust, Testamentary Trust, and Life Insurance Trust.

Doug joins Jim to discuss estate planning issues, including how to calculate how big a bite estate tax will take out of your estate, and how to structure a plan so that your family keeps every penny possible, including the importance of, and financial benefits to be derived by having a will.

Rick and Doug discuss with Jim how these two professionals work together to help individuals accomplish quality financial planning.

Doug and Jim talk about year-end tax filing issues, beginning with filing extensions, and then moving on to recent tax law changes, tax credits, IRAs, rollovers, and Alternative Minimum Tax (AMT), among other things.

Doug talks with Jim about how taxpayers create complications in their lives by making unnecessary mistakes on their returns, and how to deal with an IRS audit.

Doug joins Jim to talk about tax issues as the filing deadline approaches. Doug gives us the news on some of the new provisions that you need to pay attention to as you file your personal and business returns.

Doug joins Jim to talk about some of the steps you can take to adjust your tax filing activity retroactively for the previous year, primarily with regard to retirement plan contributions. They move on to talk about getting ready for the current year tax filing, while simultaneously preparing for the next years tax preparation and filing.

Doug and Jim talk about some things you need to pay attention to as you prepare to file your tax return, including what you can do to help your accountant, so you can hold down your CPA bill.