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
The gift tax annual exclusion allows you to transfer up to $19,000 (for 2026) per beneficiary gift-tax-free, without tapping your
Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income
A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Although the mechanics
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will
Planning for the end of life is never easy, but including your funeral and memorial wishes in your estate plan
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at
A qualified terminable interest property (QTIP) trust can be a valuable estate planning tool if you have a blended family.
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses,
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an
Although your will or revocable trust governs the distribution of many or most of your assets, certain assets — such
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax
If you’re married and have children from a previous marriage plus children or stepchildren from your current marriage, your family
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest
Hopefully, you already have a sound estate plan in place to protect the interests of your heirs and minimize potential
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to
Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021,
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there
Effective October 1, 2021, Florida employers to report newly retained independent contractors to Florida Department of Revenue* A new law
As we approach the holidays and the end of the year, many people may want to make gifts of cash