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
A living trust is one of the most versatile estate planning tools available. It offers a streamlined way to manage
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will
When creating a will, most people focus on the big-ticket items — including who gets the house, the car and
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill
Making sure your family will be able to locate your estate planning documents when needed is one of the most
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding
The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act
If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand
Life insurance is often a cornerstone of estate planning, providing liquidity to cover estate taxes, debts or other obligations. However,
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to
Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E)
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed
If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers
If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) contributions, it’s important to
At the beginning of the year, many people make resolutions about improving their physical fitness. Employers may seek to lend
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag
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