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

  The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult

  On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and

  A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures

  If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same

  To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President

  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to

  Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law

  After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has

  Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus

  Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small

You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings,

The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the