Joseph Gianforte, CPA, is an experienced tax expert with a career spanning two decades. His career began with preparing tax returns for small businesses and their owners before progressing to serve high net worth individuals. For the past five years, Joseph has served as the Director of Advanced Philanthropic Accounting at Ren, specializing in high-level tax returns for trusts and private foundations. He also advises clients on charitable giving strategies and guides clients through Federal and state tax compliance matters.
The IRS opened tax season on January 29, 2024. Advisors and CPAs gather 1099s, W-2s and K-1 forms while their customers eagerly await the news… Read More »2024 tax season – Reminders, advice, and planning considerations
As year-end tax planning commences, donors should be aware of two charitable giving strategies to reduce taxable income: bunching and Qualified Charitable Distributions (QCD). Bunching… Read More »2023 year-end tax planning and charitable contributions
On September 20, 2023, the Federal Reserve decided to keep the federal funds rate steady for the fourth quarter of 2023. While the future is… Read More »Charitable giving in the era of high interest rates
The United States officially set up the Internal Revenue in 1953 as the successor of the Bureau of Internal Revenue. In seventy years, the agency… Read More »Q3 2023 Tax Updates: The future of the Internal Revenue Service
Charitable giving is an increasingly important part of wealth management, both to allow donors to support causes they believe in and provide them with helpful… Read More »Donor-advised fund tax benefits and deductions for 2024
Congress recently passed Secure Act 2.0. The law gives individuals more options for retirement, expands contribution limits, allows more time for retirement plan earnings to… Read More »Q1 2023 Tax Updates
The 2023 DAF Report compiled by the National Philanthropic Trust shows donor-advised funds (DAFs) continue to be a popular choice for charitable giving. Among the… Read More »Donor-advised fund rules and contribution limits for 2024
As 2022 draws to a close, the biggest story for taxpayers is the continued delays and paper backlogs at the Internal Revenue Service. The IRS reduced… Read More »Q4 2022 Tax Updates
What advisors need to know about charitable donations What are the benefits of donations for businesses? Which donations qualify for deductions? Special rules for charitable… Read More »Tax deductible donations explained: Limits and tax rules
This quarter saw major developments to tax law and administration (3rd quarter, 2022). While these developments don’t directly impact charitable giving, charitable trusts, or donor-advised… Read More »Q3 2022 Tax Updates
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