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
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
If you’re considering opening an investment account for your minor child or grandchild to help him or her save for
At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to
Make no mistake, serving as an executor (or a “personal representative” in some states) is an honor. But the title
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One
For family business owners, an estate plan and a succession plan often work in tandem, ensuring that both personal and
By purchasing stock in certain small businesses, you can diversify your investment portfolio. You also may enjoy preferential tax treatment,
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type.
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