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
If you’re concerned about the impact of transfer taxes on your gifts, consider making “net gifts” to your loved ones.
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to
April 18, 2022, is the deadline for filing your federal income tax return. Keep in mind that the gift tax
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What
If you operate a business, or you’re starting a new one, you know you need to keep records of your
Designing an estate plan can be a delicate balancing act. On the one hand, you want to preserve as much
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022.
A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021
It’s difficult for many people to think about their mortality, so it’s not surprising to learn that many put off
Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased
The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the
Life insurance has long provided a source of liquidity to pay estate taxes and other expenses. Even though for many
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations.
A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some
As a formal estate planning term, “tangible personal property” likely won’t elicit much emotion from you or your loved ones.
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations.
To gift or not to gift? It’s a deceptively complex question. The temporary doubling of the federal gift and estate
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum
Your estate plan may include several different trusts. The reason is that various types of trusts can accomplish a myriad
The massive economic stimulus and government spending law, which was signed on December 27, 2020, extends several energy-related tax breaks.