CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be

Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign

When you filed your federal tax return this year, were you surprised to find you owed money? You might want

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year,

If you’re approaching retirement or have already retired, one of the biggest challenges is balancing the need to maintain your

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called

Personal items — which may have modest monetary value but significant sentimental value — may be more difficult to address

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by

For many people, pets are more than just animals — they’re cherished members of the family. Yet, when it comes

The U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things,

Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a

Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light

If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file

President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next

When estate planning, it’s common for parents to leave their primary residence or a vacation home to their children. While

Are you starting a business with partners and deciding on the right entity? An S corporation might be the best

Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction

If you’ve given a significant financial gift to a family member, you may wonder whether you’re required to file a