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
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an
Although your will or revocable trust governs the distribution of many or most of your assets, certain assets — such
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax
If you’re married and have children from a previous marriage plus children or stepchildren from your current marriage, your family
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest
Hopefully, you already have a sound estate plan in place to protect the interests of your heirs and minimize potential
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to
Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021,
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there
Effective October 1, 2021, Florida employers to report newly retained independent contractors to Florida Department of Revenue* A new law
As we approach the holidays and the end of the year, many people may want to make gifts of cash