CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others

U.S. citizens working abroad are generally taxed on their worldwide income, but if they have a tax home in a

Today, it’s not unusual for a family to include children from prior marriages. These “blended” families can create estate planning

Non-U.S. citizens in the United States face some estate planning challenges when it comes to taxes. If you’re a U.S.

Celebrating the successful end of another tax season with the team…Thanks to everyone who contributed to the success of the

Gerson Preston Features Partner Stuart Rohatiner at University of Miami’s April 2018 event “It is All About the U”. Photo

Gerson Preston Features Partner Stuart Rohatiner who spoke at the recent University of Miami Global Entertainment and Sports 2018 Conference.

Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the

A traditional trust can sometimes create a conflict between the lifetime and remainder beneficiaries. For example, investment strategies that provide

The Treasury Department and the Internal Revenue Service (IRS) today provided additional guidance (Notice 2018-13) for computing the “transition tax”

IRAs and employer-sponsored plans such as 401(k)s are powerful retirement savings tools, but they also provide valuable estate planning benefits.

If your organization offers a 401(k) plan, you’re probably aware that you can lay down some rules regarding when participants

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are

Estate tax planning can become complicated when multiple parties are involved. For example, you may be concerned about providing assets

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been

In a historically tenuous time to retain employees, small employers are particularly at risk. Whereas a large employer might be

The “stretch” IRA generally no longer exists. But if you have a substantial balance in a traditional IRA, a properly

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for

Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there