For Advisors

Friday May 6, 2016

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 14
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
Scholarship Procedures Approved
Foundation is a private foundation exempt from federal income tax under the Code. Foundation proposes to operate a scholarship program called V. The purpose of V is to provide scholarships to...
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Washington News
No Significant Change In Tax Gap
The IRS reports that there is “no significant change” in the tax gap. The tax gap is the shortfall in tax collections. It is measured each year to determine the level of taxpayer compliance. For years 2008, 2009 and 2010, the tax gap averaged $458 billion per year. With an estimated $52 billion per year still to be collected through tax audits, the net tax gap for these years is projected to be $406 billion. The IRS reports that taxpayer compliance level is 83.7%. This compliance level for people who pay timely the correct amount of tax has been generally in the low eighties range for several years. IRS Commissioner John Koskinen observed that the tax gap reflects a generally honest population of...
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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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Article of the Month
Supporting Organizations — Part I
Historically, the government has divided charities into two distinct camps: public charities and private foundations. In general, it is more advantageous for a charity to be categorized as a public...
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