CELEBRATING OVER SIXTY FIVE YEARS

CELEBRATING OVER
SIXTY FIVE YEARS

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

New Year Celebrations with Gerson Preston at Grille 66! | Gerson Preston

Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21%

On December 20, the House passed the Tax Cuts and Jobs Act of 2017 (TCJA), which the Senate had passed

According to the Association of Certified Fraud Examiners (ACFE), tips — particularly those made through anonymous hotlines — are the

  Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are

  Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting

  Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018.

  Tax reform legislation might be enacted before year end. If it is, companies following U.S. Generally Accepted Accounting Principles

  Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income

Ladies of Gerson Preston Celebrating the Holidays Together at Terramia Italian Restaurant | Gerson Preston 

Gerson Preston Celebrates the Birthday of our Partner, Steven Klein!! Happy birthday, Steve!! | Gerson Preston 

Spreading some holiday cheer at our Boca office today! Happy holidays from Gerson Preston! |Gerson Preston 

Time to get empowered. The IRS is reminding businesses that a number of special tax benefits are still available in

When a married couple lives in a community property state, the money earned and property acquired by either spouse during

Audit season is just around the corner for calendar-year companies. With external audits, preparation can help facilitate field work, lower

IRA distributions were taxable. A man took nearly $45,000 in withdrawals from his wife’s IRA during their divorce “out of

Court finds properties weren’t worthless or abandoned. The sole shareholder of an S corporation claimed net operating loss (NOL) carrybacks

Bill would allow vets to contribute to Health Savings Accounts (HSAs). The U.S. House is considering the “Veterans TRICARE Choice

Payroll tax penalty imposed. A person responsible for collecting and paying payroll tax can be held personally liable for willfully

In order to take advantage of two important depreciation tax breaks for business assets, you must place the assets in

Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your

When planning their estates, many people agonize over the negative impact their wealth might have on their children. To address

Taxpayers may challenge IRS expert’s valuation in gift tax case. The U.S. Court of Appeals for the First Circuit has

Tax deferral denied despite lack of prearranged plan for related-party transaction. Sec. 1031 allows capital gains to be deferred when