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
Even though the 2024 filing season started a week later than normal, the IRS reports that website visits have increased 6% over last year. The IRS credits some of the inquiries to an improved "Where’s My Refund?" tool. There also are numerous other updates to the website that are designed to help taxpayers.
The latest available statistics as of February 16 show a lower number of total returns received and processed and a reduced number of refunds. However, the IRS stated on its website, "Considering the loss of seven days in this comparison, filing season statistics below show a strong start to filing season 2024, with all systems running well."
On February 15, IRS Commissioner Daniel... More
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
Decedent died and was survived by Spouse. Decedent’s estate (Estate) was not required to file an estate tax return, Form 706 under Sec. 6018(a). Estate represents there was an unused portion of... More
Many individuals own life insurance at some point in their lives. Life insurance policies provide long-term financial protection to loved ones in the event of an unexpected death. Depending on the... More