For Advisors
Thursday July 29, 2021
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.
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On July 21, the Internal Revenue Service announced it sent out an additional 2.2 million Economic Impact Payments. With the additional payments, the American Rescue Plan has now distributed 171 million payments with a total value of over $400 billion.
The IRS continues to send out payments each week. The 2.2 million payments had a value of approximately $4 billion. These included 1.3 million distributions to individuals who were previously not known to the IRS because they were not typically required to file tax returns. These individuals received an Economic Impact Payment by filing a 2020 tax return, many used the IRS Free File system.
There were also 900,000 "plus-up" payments with a value of $1.6...
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GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...
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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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Peter and Sue Olson were raised in the great North Country. After college, they were married and Peter accepted a position with one of the nation's largest discount stores. He rose through the ranks... More |
Organization requested advance approval of its educational grants. The grant program will make grants to universities and nonprofits to develop and support new and existing youth education programs... More |
The popularity of digital assets has grown exponentially over the last decade. Unsurprisingly, the value of many cryptocurrencies has followed suit, gaining enormous market capitalization over a... More |
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