Resources for Advisors

Professional advisors are a crucial link between people who want to give or plan their legacy and The Community Foundation. Our GiftLaw website features the latest news on charitable planning, a complete tax reference, gift calculators and case studies. For updates by email, subscribe here.

Washington News
Gig Workers' Taxes

In IR–2021–97, the Internal Revenue Service reminded gig economy workers that they will need to file tax returns by May 17, 2021. The gig economy has grown rapidly in recent years. Millions of Americans drive cars for booked rides, deliver packages, rent real property, sell goods online, rent out equipment and provide creative or professional services. These individuals often are sought out by customers through a digital platform or website. The IRS has created a new Gig Economy Tax Center on IRS.gov to assist individuals in making appropriate payments for gig economy taxes. IRS Commissioner Chuck Rettig stated, "The IRS developed this online center to help taxpayers in this emerging segment of the economy. Whether renting out a spare bedroom or providing car rides, we want people to understand the rules so they can stay compliant with their taxes and avoid surprises...

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GiftLaw Pro
Charitable Tax Reference

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

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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
Gifts from IRAs, Part 7

Quentin Charles Douglas was the firstborn child in a large family. Throughout his childhood, Quentin's parents worked hard to put food on the table for their children. They also instilled in Quentin

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Private Letter Ruling
Set-Aside Program Approved

Foundation is tax-exempt under Sec. 501(c)(3) and a private foundation under Sec. 509(a). Foundation requested approval to set aside funds because it plans to build and operate a rehabilitation and

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Article of the Month
Charitable Gifts of Cryptocurrency, Part I

Introduction The popularity of digital assets has grown exponentially over the last decade. Unsurprisingly, the value of many cryptocurrencies has followed suit, gaining enormous market

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