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 economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures
If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same
To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to
Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law
After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small
You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings,
The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the
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