GPKLEG Blog
News & Helpful Tips
A financial statement audit can give lenders, investors and other stakeholders greater confidence in your business’s financial reporting. But not
Life insurance can provide critical financial protection for the people who depend on you or help you achieve other estate
Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp
Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved
Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue
The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The
Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax
Hidden assets can be an issue in a variety of contexts — from divorce to bankruptcy to fraud. An acrimonious
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that
A primary estate planning goal for most people is to hold on to as much of their wealth as possible
If philanthropy is an important part of your estate planning legacy, consider taking steps to ensure that your donations are
Technology has made it easier to work from home so lots of people now commute each morning to an office
The Tax Cuts and Jobs Act created a new program to encourage investment in economically distressed areas through generous tax
In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding
The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019
The IRS has issued final regulations that should provide comfort to taxpayers interested in making large gifts under the current
With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep
If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset
Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone
The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to
Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated
With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think