For Advisors

Saturday August 30, 2014

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
Koskinen Warns of IRS Problems
Speaking to the National Society of Accountants (NSA) in Baltimore on August 21, IRS Commissioner John Koskinen warned of future IRS problems. The two primary challenges for the IRS are budget cuts and tax extenders. The House of Representatives Appropriations Committee has proposed a $1 billion reduction in IRS funding. Koskinen stated, “People don’t vote for me – they vote for members of Congress. Congress needs to hear and understand the impact of the funding cuts. As I tell people on Capitol Hill, we are the only agency still operating at the post-sequester level.” Koskinen explained that our tax system is built on the principle of voluntary compliance. He continued,...
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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
Wild Bill Russell Donates A Stuffed Elk
Bill Russell grew up on the Great Plains. During his youth, he was a rodeo bull rider and gained fame as “Wild Bill” for his daring exploits. After a major injury, he married his...
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Private Letter Ruling
CLATs Produce Charitable Deduction
Foundation was created through a trust agreement by the Son of Founder A and Founder B (Founders). Under the Founder’s estate plan, the residuary estate of the first spouse to die is to pass to...
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Article of the Month
Donating Virtual Currency
What is virtual currency? Virtual currency is best understood by highlighting the difference between virtual currency and real currency. The term “real currency” refers to the coin and...
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