Professional tax planning using Multiplan. (book reviews) Russ Lockwood.

This no-nonsense book uses Microsoft Multiplan to set up seven specific templates for tax planning. It provides step-by-step instructions for construction of specialized work-sheets, including formulas and a detailed explanation why these formulas are placed in specific cells.

The seven templates compute the joint taxes of married individuals (Form 1040), tax for a single individual (Form 1040), capital gains tax (Schedule D), tax liability of a fiduciary of an estate, simple trust, or complex trust (form 1041), corporate income tax (Form 1120), tax payable on a lump sum distribution from a retirement plan (Form 4972), and the change in tax from an investment or the exercise of stock options.

Jacobs, a lawyer, and Rice, a certified public accountant, provide a practical approach for tax planning using Multiplan.

Review Grade: B