For Advisors

Monday August 3, 2015

Advisor Resources
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.
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34th Highway Fund Extension
Washington News
On July 30, by a vote of 91-4, the Senate passed a three-month extension for the Highway Trust Fund. The House had previously approved The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (H. R. 3236). The bill extends highway funding for 3 months and is the 34th short-term extension of the Highway Trust Fund. The Senate also passed a 6-year act to fund highways, bridges and other infrastructure. The DRIVE Act would be the first multi-year highway bill since 2005. Sen. Jim Inhofe (R-OK) was the lead sponsor for the bill. He stated, “The DRIVE Act is a solution, it’s the solution – a bipartisan solution. It provides the needed long-term funding certainty so that the major construction projects can get off the ground – projects that are not possible with short-term extensions. And it will signal to job creators that America’s economy is not only going to grow, but it’s going to be sustained because the infrastructure will exist to support it.” The DRIVE Act includes fairly complicated revenue-raising provisions. It was necessary to assemble seven different revenue provisions in order to pay for construction over six years. 1. Estates – More comprehensive reporting rules on the basis of assets. With an accurate basis, when heirs sell appreciated property there will be a larger capital gains tax. 2. Passport – Any person owing over $50,000 in tax will be subject to passport revocation or...
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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
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 and began...
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Private Letter Ruling
ORG will provide scholarships and grants to students and graduates intending to pursue a career in theology. The purpose of the scholarship program is to allow university students and graduates...
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Article of the Month
One of the primary purposes of life insurance is to provide for family in the event the insured passes away prematurely. In this context, professional advisors often use life insurance to protect...
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