Wednesday January 20, 2021
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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...MORE

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

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Living on the Edge, Part 1
Rhea Jones, 75, lives in a beautiful coastal town in northern California. Rhea's home occupies three magnificent acres of bluff property that overlooks the crashing waves of the Pacific. Since her...MORE
Foundation's Scholarship Grant Procedures Approved
Foundation requested approval for its scholarship grant procedures. Foundation intends to operate a scholarship program that will provide assistance to high school and college students who wish to...MORE
Foundation's Scholarship Grant Procedures Approved
Foundation requested approval for its scholarship grant procedures. Foundation intends to operate a scholarship program that will provide assistance to high school and college students who wish to...MORE
Charitable Gifts of Real Estate - Part IV
For many donors, the most significant part of their net worth is real estate. Thus, donors regularly make real estate charitable gifts. As a general rule, many charities prefer gifts of cash, stocks...MORE