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
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only
Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought
Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However,
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key
Here’s a not-so-fun fact: The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code.
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The
“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want to use
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to
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