Monday March 30, 2020
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.
CARES Act - Checks to Individuals
On March 27, 2020, the House and Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under this massive bill, there will be $1,200 direct payments to individuals. Qualified...
Case of the Week
Wild Bill Russell's Art Gift
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. But Wild Bill was an artist at heart and soon...
Private Letter Ruling
Distribution Election Extension Granted
Trust files its federal income tax return on a calendar year basis. Trustee of Trust made a distribution from Trust within the first sixty-five days of Year 2. Trustee intended to make an election to...
Article of the Month
A Case for Charitable Gift Annuities Part II
Individuals choose to interact with charities in various ways. Some will volunteer their time, others their talents and still more prefer to donate cash or other assets. Many donors live on a fixed...