IRS Issues FAQs Regarding COVID-19 Relief for Estate and Gift Tax Filings

May 25, 2020 "Time Saver & Helpful Hint" eNewsletter

Weekly News Update

Synopsis: " On April 23, 2020, the IRS issued FAQs regarding "COVID-19 Relief for Estate and Gift" in response to issues raised by the extension of time granted to taxpayers to fulfill their estate, gift and generation-skipping transfer (GST) tax obligations. "

Interested in what the financial markets are doing?

Click HERE for up to date information.

Time Saver & Helpful Hint

This week's topic is:

" Our May 2020 Webinar of the Month is "Import / Export Shortcuts. "

Data entry for new portfolios can be a time consuming process and people are looking ways to automate. All of our delivery options (email/fax/mail, software, software as a service, and web) have import/export capabilities. This webinar will explore these services and illustrate how our clients can save time and improve accuracy by taking advantage of them.

The webinar is scheduled or Thursday, May 28, from 11:30a to 12:00p ET.

Please REGISTER FOR OUR WEBINAR by clicking HERE .

Last week's topic was:

" GRAT Valuation & Rebuild Program "

You can access the eNewsletter by clicking HERE .

Featured Valuation of the Month

Our May 2020 Featured Valuation of the Month is the "Cost Basis Caculator."

Historical cost basis adjustments can be automated using the Interactive Data Cost Basis Calculator. The calculator draws on information in our extensive database that goes back over 100 years on some issues/companies. All stock split, stock dividend, spin off , distribution, merger and other cost basis-affecting data reported by the company is used to adjust the original purchase price and shares.

This Calculator can also be used to calculate the effect of DIVIDEND REINVESTMENTs (DRIPs) on stocks or mutual funds, which often change the cost basis of a position.

Click HERE for a sample report.

How do I generate an ESI-APPRAISE valuation?

Here's how you can generate a valuation with us (see below):

1. Secure online solutions (You produce the report and save money)

· APPRAISE Windows: Software on your computer; internet connection to access the data

· APPRAISE ASP, our software as a service (SaaS) solution:

- Software on our computer - data on yours; no installation, upgrades, and data is secure

- Always running current version

- Easy to add and remove users

- More applications than software including cost basis for DRiPs.

· APPRAISE Web: Internet using credit card; can be run from anywhere/any platform

· ESI-Direct: No software; value your ONESOURCE securities using the internet from FPS

2. Outsourcing solution (we have the expertise, do the work, and save you time):

· Valuations can be submitted/delivered via email, fax, overnight courier, or mail

Upcoming ESI-APPRAISE Events

- May 25: Memorial Day Holiday

- May 28: Import/Export webinar (11:30a)

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