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

On April 16, IRS Commissioner Daniel Werfel spoke before the Senate Finance Committee. Werfel discussed the completion of the tax filing season on April 15 and the new Direct File option available to taxpayers in 12 states. Werfel noted, "There is no victory lap here. There is a lot more work to do.” While Werfel was not ready to announce the next steps for the Direct File program, the IRS is completing a review and will release a more complete plan in the near future. A major project for the IRS is to improve and update the information technology (IT) system. Werfel continued, "The main system at the IRS — that is, the engine for all individual returns — is on the cusp of finally being turned into a modern solution." The IRS Commisioner highlighted the success of taxpayer online accounts. Werfel noted, "The idea is to make those individual online accounts as fully functional as possible, so that if you choose, you could do everything virtually from your smartphone or your tablet." The IRS made substantial progress toward the improvement of customer service. There were an additional one million taxpayer phone calls answered this year compared to the past year. Over 170,000 taxpayers were able to have in-person meetings with an IRS representative. In addition, there was an 18% increase in IRS website visits in 2024. The IRS also had a "chatbot" on several website pages. Taxpayers increased their chatbot use this filing season, from 330,000 last year to 832,000 in 2024. The average taxpayer phone wait time was reduced to five minutes, with a three-minute average in early April. Werfel noted the additional funding for the IRS was the key to providing improved taxpayer service. Several members of the Senate Finance...
More

GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...
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