For Advisors

Sunday April 26, 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 'Courtesy Disconnect' Hearing
During the recent filing season for 2014 tax returns, IRS Commissioner John Koskinen reported a substantial reduction in IRS phone support. Because of IRS staff reductions, many taxpayers were not able to have questions answered. If the anticipated waiting time was deemed too long by the IRS, there would be an automatic decision by the IRS phone system to terminate the call. The IRS term for hanging up on taxpayers is “courtesy disconnect.” In comments about the IRS service for taxpayers, Commissioner Koskinen acknowledged that the taxpayer support level this year was “abysmal.” At a hearing of the House Ways and Means Oversight Committee on April 22nd, Chairman Peter Roskam (R-IL)...
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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 16
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
IRS Rules on Tax Consequences of Conversion to Unitrust
Grantor established an irrevocable trust (Trust) in State prior to September 25, 1985 and then passed away. No additions have been made to the trust since it was funded. The trustees of Trust...
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Article of the Month
Contributions of Mobile Homes and Fixtures
Gifts of tangible property typically fall into one of two categories: real property and tangible personal property (TPP). In most cases, the determination as to whether a gift of property is real...
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