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
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at
President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law temporarily requires
U.S. Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filing deadline will be moved to July 15,
After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for paying federal income taxes would be extended, the IRS
If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out
The IRS extends the federal income tax payment deadline After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re
Longer life expectancies and rising health care costs make saving for retirement more important than ever before. A Health Savings
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you
Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one
The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December
Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be
Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign
When you filed your federal tax return this year, were you surprised to find you owed money? You might want
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year,
If you’re approaching retirement or have already retired, one of the biggest challenges is balancing the need to maintain your
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called
Personal items — which may have modest monetary value but significant sentimental value — may be more difficult to address
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by