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
A living trust is one of the most versatile estate planning tools available. It offers a streamlined way to manage
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will
When creating a will, most people focus on the big-ticket items — including who gets the house, the car and
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill
Making sure your family will be able to locate your estate planning documents when needed is one of the most
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding
The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act
If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand
Life insurance is often a cornerstone of estate planning, providing liquidity to cover estate taxes, debts or other obligations. However,
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to
Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E)