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
Including a letter of instruction in your estate plan is a simple yet powerful way to communicate your personal wishes
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners.
Incorporating charitable giving into your estate plan can be a thoughtful and strategic way to support causes you care about
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire
For some time, President Trump and the GOP have had their sights on repealing many of the tax incentives created
Incorporating charitable giving into your estate plan can be a thoughtful and strategic way to support causes you care about
The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes.
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire
Ever since the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017, estate planners have had to
The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses,
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