GPKLEG Blog
News & Helpful Tips
If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re
Even if you’re single and have no children, having an estate plan helps ensure your final wishes are clearly documented
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able
A revocable trust (sometimes referred to as a “living trust”) is a popular estate planning tool that allows you to
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to
The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new
A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but
An inheritor’s trust is a specialized estate planning tool designed to protect and manage assets you pass to a beneficiary.
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include
Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation.
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get
Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your
The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax
Traditionally, estate planning has focused on more technical objectives, such as minimizing gift and estate taxes and protecting assets against
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers
One benefit of the current federal gift and estate tax exemption amount ($11.7 million in 2021) is that it allows
If you and your spouse have similar irrevocable trusts that benefit each other, it’s important to know that the trusts
Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about