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
For many years, the IRS has offered the "Withholding Calculator," an online tool to assist taxpayers in performing a "Paycheck Checkup." After listening to taxpayer feedback, the IRS has replaced the Withholding Calculator with a new tool designed to improve taxpayers' user experience.
In IR-2019-139, the Service announced the release of the "Tax Withholding Estimator." This new calculation tool may be accessed at IRS.gov and offers taxpayers an updated, more user-friendly interface. The new Tax Withholding Estimator is designed to be used on mobile devices as well as personal computers.
Taxpayers with two-income households or those who have encountered a change in life circumstances may benefit from performing a Paycheck Checkup. The Withholding Calculator was not known for its ease of use.
"The new estimator takes a new approach and makes it easier for taxpayers to review their withholding," said IRS Commissioner Chuck Rettig. "This is part of an ongoing effort by the IRS to improve quality services as we continue to pursue...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
Brandon Bigtop loves his truck, which he affectionately named "the Beast." It was a gift for Brandon's 18th birthday. It is painted bright red and is two tons of metal, muscle and noise. Indeed,...More |
Private Letter Ruling
Decedent owned IRA D at death. IRA D did not have a designated beneficiary. The custodian of IRA D provides that if there is no designated beneficiary at death, the account balance is payable to...More |
Article of the Month
The Internal Revenue Service requires donors who claim charitable income tax deductions to substantiate the value of their charitable contributions. Donors may not understand the specific...More |
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