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
In IR 2018-149, the Service highlighted tax tips for the summer season. While most taxpayers are understandably thinking about barbeques and summer
vacations, the IRS offered seven summertime suggestions that may affect taxpayers.
Summer Jobs - Many students and younger individuals work during the summer. They may not have earned enough to owe income tax, but their
employers will withhold Social Security and Medicare taxes from their pay. If the individual is self-employed, he or she must pay Social Security and
Medicare taxes even if there is no income tax obligation. These taxes will also count toward future Social Security benefits. The employer should send a
Form W-2, Wage and Tax... 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