For Advisors

Friday March 27, 2015

Advisor Resources
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.
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Washington News
IRS Records for Charitable Deductions
In IR-2015-48, the IRS outlined the required records for substantiating charitable deductions. The basic requirement is that gifts are made to a qualified charity. The Select Check online tool at www.irs.gov shows qualified nonprofits. Even though they are not on the IRS web site, gifts to churches, synagogues, temples, mosques and government agencies are also deductible. Most documentation must be in your possession before filing your tax return. You must itemize deductions on Schedule A of Form 1040 to claim these charitable deductions. 1. Gifts Over $250 – To claim a charitable contribution deduction, donors must get a written acknowledgement from the charity for all contributions of $250 or more....
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GiftLaw Pro
Charitable Tax Reference
GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...
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Deduction Calculator
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...
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Case of the Week
Exit Strategies for Real Estate Investors, Part 11
Karl Hendricks was a man with the golden touch. Throughout his life, it seemed every investment idea that he touched turned to gold. By far, Karl was most successful with real estate investments....
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Private Letter Ruling
Org Deemed Impermissible Conduit
Org was formed as a Sec. 501(c)(3) organization for the purpose of providing monetary support to educational facilities serving the religious and educational needs of Foreign Country. To that end, Org...
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Article of the Month
Donating Real Estate Part II
Real estate is an excellent asset to donate to charity. There are a number of planned giving strategies involving real estate that will entitle the donor to a charitable deduction, provide a bypass of...
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