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
With passage of the Tax Cuts and Jobs Act, most Americans will experience a change in the amount of tax due. Many taxpayers will have lower taxes due to the higher standard deduction and increased child credit amount. Some upper-income taxpayers may face a tax increase due to the new limit on deductions for state and local taxes.
To help taxpayers understand the impact of these changes, the IRS has created a Withholding Calculator on IRS.gov. Acting IRS Commissioner David Kautter encouraged use of the calculator and noted, "Until every employee visits the Withholding Calculator, I am not a happy guy." Kautter hopes to keep promoting the calculator and desires "a couple of hundred million" taxpayers to use it to determine their estimated 2018 taxes.
In IR-2018-138, the Service encouraged taxpayers who make quarterly estimated tax payments to update their plans. Quarterly estimated tax payments for taxpayers who are self-employed, retired or have investment income are due on April 18, June 15, September 17 and January 15, 2019.
Some taxpayers reduced their...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 eighteenth birthday. It is painted bright red and is two tons of metal, muscle and noise....More |
Private Letter Ruling
Foundation, a private foundation under Sec. 509(a), requested advanced approval of a set-aside program under Sec. 4942(g)(2). Foundation plans to set aside funds for the purchase of land that is at...More |
Article of the Month
Intellectual property assets are intangible products or creations of the mind that may receive protection under the law. The most common types of intellectual property (IP) that a client might...More |
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