Impact our organization
today and tomorrow
- Your charitable gift will provide vital support for our projects, activities and goals
- You can enjoy immediate or deferred tax benefits for you and your family
- Your contribution will influence the well-being of others far into the future
Saturday January 23, 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.
IRS Distributes 100 Million Economic Impact Payments
The Internal Revenue Service (IRS) reports that it has made over 100 million Economic Impact Payments (EIPs), as required by the Consolidated Appropriations Act of 2021. On December 30, 2020, the IRS started mailing checks for $600 to individuals, $1,200 to married couples and an additional $600 per qualified minor child. The payments have proceeded smoothly, with the exception of taxpayers who may have incorrect direct deposit information on file with the IRS. The IRS acknowledged that there is a problem because direct deposits were not able to be sent to some accounts. It is attempting to...