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
Does your college-aged child have a basic estate plan? In more cases than not, the answer is “no.” The good
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of
The best laid plans can go awry. After your death, events may transpire that you hadn’t anticipated or couldn’t have
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to
For many business owners, estate planning and succession planning go hand in hand. As the owner of a closely held
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers
Families that have children who are adopted, or stepchildren who haven’t been legally adopted, may face unique estate planning challenges.
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible