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
With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep
If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset
Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone
The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to
Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated
With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your
The word “probate” may conjure images of lengthy delays waiting for wealth to be transferred and bitter disputes among family
In certain cases, the IRS is required to use private debt collection agencies (PCAs) to collect the amounts owed. The
At this time of year, many business owners ask if there’s anything they can do to save tax for the
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will