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
Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up
A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement
The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that
There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax
Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are
Estate tax planning can become complicated when multiple parties are involved. For example, you may be concerned about providing assets
The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been
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