Advisor Resources
We have a complete tax update service for CPAs, attorneys, CLUs, CFPs, ChFCs, trust officers and other professional friends. The GiftLaw services are made available to all advisors as a free service. We are available to assist in helping you provide clients with clear and understandable gift illustrations.More |
Washington News
As millions of direct deposits, paper checks and debit cards are being issued to individuals, the IRS published frequently asked questions (FAQs) on IRS.gov. The second round of Economic Impact Payments will distribute $600 to individuals or $1,200 to married couples. There also will be an additional $600 per qualifying child. The stimulus payments are phased out for individuals with incomes over $75,000 and married couples with incomes over $150,000.
The FAQs are very helpful because they answer common questions that millions of Americans have about the second round of stimulus payments.
1. Do you receive a letter or notice? Yes, the IRS will send a letter or notice to each recipient. Your Notice 1444–B should be retained with your tax records.
2. Will "Get My Payment" be available? Yes, the IRS will soon launch a new version of Get My Payment. You will be able to check the date of your payment and the method. Mailed payments will take more time.
3. What is the Recovery Rebate Credit? When you file your 2020 tax return, you may need to use the Recovery Rebate...More |
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GiftLaw Pro
GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...More |
Deduction Calculator
The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Click here to access and run charitable deduction calculations for your favorite gift plan...View Presentation |
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Case of the Week
Jim Thompson, a retired engineer, and his wife Janet Thompson, a retired nurse, are currently considering funding a term charitable remainder unitrust with the Americans for the Arts charity....More |
Private Letter Ruling
Foundation, a private foundation, requested approval of a set-aside for current construction projects. Foundation's purpose is to operate and fund educational programs for schools and the general...More |
Article of the Month
For many donors, the most significant part of their net worth is real estate. Thus, donors regularly make real estate charitable gifts. As a general rule, many charities prefer gifts of cash, stocks...More |
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