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
Nearly everyone owns at least some digital assets, such as online bank and brokerage accounts, bill-paying services, cloud-based document storage,
If you have adopted children or unadopted stepchildren, estate planning is critical to ensure that your property is distributed the
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for
A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with
You may think of trusts as estate planning tools — vehicles for reducing taxes after your death. While trusts can
The extended federal income tax deadline is approaching. The IRS postponed until July 15 many payment and filing deadlines. The
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according
As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain
Are you a multitasker? If so, you may appreciate an estate planning technique that can convert assets into a stream
The COVID-19 crisis is affecting not only the way many businesses operate, but also how they assess productivity. How can
The annual gift tax exclusion allows you to transfer up to $15,000 per beneficiary gift-tax-free for 2020, without tapping your
The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things,
A revocable trust isn’t effective unless you fund it by transferring ownership of assets to the trust. Transferring a vehicle
If your son or daughter currently is home from college on winter break, now is a good time to sit
Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own
If you or one of your adult children is getting married, you may be concerned about protecting your family’s assets
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the
Prepaying property taxes related to the current year but due the following year has long been one of the most
Sometimes estates that are large enough for estate taxes to be a concern are asset rich but cash poor, without
In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax
Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your