Instructions:

Write a properly formatted client letter

The letter should meet the following parameters:

Proper heading, greeting, and salutation

The letter should include the following information:

First paragraph should greet client, thank them for being a client.

Second paragraph should summarize their current (2020) tax situation, and include refund/amount due amounts, effective, and marginal tax rates.

Third paragraph should summarize the discussed 2021 changes, and estimated tax liability based on those changes.

Last paragraph should provide tax advice for the next tax year based on the changes (i.e. making sure they withhold enough or prepare to pay), provide options for payment of tax liability, and thank them for being a client.