For Advisors

Saturday June 15, 2019

Advisor Resources
Advisor Resources
We have a complete tax update service for CPAs, attorneys, CFP's, CLUs, 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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IRS Enhances Taxpayer Protections
Washington News
In IR-2019-101, the Service explained its latest efforts to protect taxpayers from identity thieves. Taxpayers, professional advisors and third parties (such as colleges and universities providing student assistance) have regularly requested tax transcripts from the IRS. Because identity thieves have been obtaining tax transcripts and filing fraudulent returns, the IRS announced it would "stop its tax transcript faxing service in June and will amend the Form 4506 series to end third-party mailing of tax returns and transcripts in July." In 2018, the IRS modified the tax transcripts to remove most personally identifiable information. The Service also hopes to increase data security through new limits on the release of tax transcripts. After June 28, 2019, the IRS will no longer fax tax transcripts to taxpayers or third parties. Taxpayers may access their tax transcripts in three ways. IRS.gov or IRS2Go – You may use the IRS website or smartphone app to request a transcript. After verifying your identity, you may download a tax transcript or request that one be...
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Charitable Tax Reference
GiftLaw Pro
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
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
Hospital was organized as a supporting organization under Sec. 509(a)(3). Hospital received a determination letter from the Service stating that it was an organization described in Sec. 509(a)(3)....
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Article of the Month
The Internal Revenue Service requires donors who claim charitable income tax deductions to substantiate the value of their charitable contributions. Donors may not understand the specific...
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