Tax Planning pop quiz — Test your IQ

Question 1

Which statement best reflects what is shifting in Tax Planning?

Accepted Answer

AI-driven automation is the dominant trend in Tax Planning

Answer

The category is shrinking as advisors return to spreadsheets

Answer

Most vendors in this space were acquired by a single private equity firm in 2023

Answer

Regulation has frozen new product development in this category

Question 2

Which tool pioneered 1040 scan-and-extract tax planning for advisors?

Accepted Answer

Holistiplan

Answer

FP Alpha

Answer

Corvee

Answer

Bloomberg Tax

Question 3

Which of these best describes "Tax Planning"?

Accepted Answer

Deep analysis of 1040s, Roth conversions, and tax-smart distributions.

Answer

Automated calendar booking and client reminders.

Answer

Long-standing, server-based or older-gen planning software.

Answer

Multi-asset class portfolio construction, accounting, and model marketplaces.

Question 4

How would you characterize AI's impact on Tax Planning today?

Accepted Answer

AI is materially reshaping how this work gets done

Answer

AI has no application in this category

Answer

This category is fully automated and no longer needs advisors

Answer

AI is regulated out of this category in the US

Question 5

Which two of these vendors do NOT compete in Tax Planning? (pick two)

Accepted Answer

Lead Pilot

Answer

LifeYield

Answer

Corvee