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Saturday September 24, 2016

For Advisors

Advisor Resources 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.
Charitable Tax Reference - GiftLaw Pro
GiftLaw Pro
GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...
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...
Lucky Lucy Lindstrom's "Northern Long Shot" Charity
Lucky Lucy Lindstrom finished college and headed west. She started as a financial analyst with a large company in Seattle. After just four years, she became a Registered Investment Advisor (RIA) and...
IRS Grants Trust Extension to Make Contribution Election
Trust made a charitable contribution in Year 2. Trust's representatives could have made an election under Sec. 642(c)(1) to treat the Year 2 charitable contribution as having been paid in Year 1....
Washington News - House Passes Senior Medical Care Bill
House Passes Senior Medical Care Bill
On September 13, the House voted 261 to 147 and approved the Halt Tax Increases on the Middle Class and Seniors Act (H.R. 3590). This bill would restore the medical deduction threshold limit to 7.5% of income, rather than the current 10% threshold that applies for taxpayers over age 65. In the Patient Protection and Affordable Care Act, the threshold for itemized medical deductions was raised from 7.5% of adjusted gross income (AGI) to 10%. However, taxpayers age 65 and over were permitted to use the 7.5% threshold for a period of four years....
The IRS Gives Annuity Trusts New Life
The Tax Reform Act of 1969 first established the rules for creating charitable remainder trusts (CRTs), including a required minimum 5% payout each year. The Taxpayer Relief Act of 1997 added two...