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 have minor children, arguably the most important estate planning decision you need to make is choosing a guardian
A job description may seem like just so many words on a page or website. But those words have power.
The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a
The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but
Year end can be a stressful time for those in ownership and management positions. Along with having to tackle myriad
By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of
The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older,
The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses
The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income
If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a
Do you own a vacation home? If you both rent it out and use it personally, you might save tax
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to
If you dream of spending your golden years in a tropical paradise, a culture-rich European city or another foreign locale,
For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their
On September 13, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what
When married couples neglect to prepare an estate plan, state intestacy laws step in to help provide financial security for
Estate planning and investment risk management go hand in hand. After all, an estate plan is effective only if you
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at
Now that the gift and estate tax exemption has reached a record high of $11.18 million (for 2018), it may