For Advisors
Wednesday July 3, 2024
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
The Treasury Inspector General for Tax Administration (TIGTA) has completed an analysis of the IRS Direct File pilot program. The report indicated there were several recommendations given to the IRS to improve the Direct File program.
Direct File is a free Federal tax preparation tool. It was offered by the IRS as a pilot program during the 2024 Filing Season. The program was offered initially to IRS employees and staff. After approximately 1,850 IRS employees tested the program, Direct File was offered to taxpayers in 12 states. Over 140,000 taxpayers used the basic Direct File program.
The TIGTA report reviewed three Direct File recommendations and the IRS response.
1. Health Insurance Checker — The...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
Quentin was the firstborn child in a large family. Throughout his childhood, Quentin’s parents worked hard to put food on the table for their children. They also instilled in Quentin the value...More |
Private Letter Ruling
Donor established an irrevocable trust (Trust) for the benefit of Donor’s children and the children’s issue. Donor hired tax professionals to draft Trust and prepare Form 709, United...More |
Article of the Month
Individuals who want to start a business have several options for structuring their enterprise. As individuals explore the various possibilities, they often weigh factors like tax implications,...More |
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