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

During the holiday season your thoughts likely turn to helping those in need by making charitable donations. Doing so will

Standard mileage rates decrease for 2017. The IRS announced that the optional mileage allowance for owned or leased autos, vans,

Year end is just about here. You know what that means, right? It’s a great time to settle in by

An alternative way to be charitable. Taxpayers who are at least 70½, who have IRAs and who wish to donate

Flexible Spending Accounts (FSAs) save tax. The IRS reminds eligible employees to take advantage of employer health care FSAs in

A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate

The 2016 gift tax annual exclusion allows you to give up to $14,000 per recipient tax-free without using up any

If you limit how many vacation days employees can roll over to the new year, you might find your workplace

Get ready to file your tax return in 2017. The IRS announced that the 2017 tax filing season will begin

Be sure to take required minimum distributions (RMDs) by year end, if required. If you’ve reached age 70 1/2, take

There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a

Congress Watch: U.S. House of Representatives prepares to adjourn. On Dec. 8, the House passed H.R. 2028, “Further Continuing and