Monday April 22, 2019
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.
Commissioner Rettig Thanks Taxpayers
On April 15, IRS Commissioner Chuck Rettig thanked taxpayers. He stated, "Our nation's tax system is built around the concept of voluntary tax compliance, meaning citizens comply with their civic...
Case of the Week
Exit Strategies for Real Estate Investors, Part 3
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. It...
Private Letter Ruling
IRS Approves Foundation's Grant
A private foundation ("Foundation") requested advance approval of its educational grant procedures. Foundation, a tax-exempt organization, plans to operate an educational grant program, X, that will...
Article of the Month
The Impact of TCJA UBTI Rules on Nonprofits' Employee Parking
Prior to 2018, tax-exempt nonprofit organizations were able to provide employee parking without incurring taxation. The Tax Cuts and Jobs Act (TCJA) changed the landscape of American tax law in a...