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
Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t currently have
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater
Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable estate. In addition, your
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.”
Was a college student in your family last year? Or were you a student yourself? You may be eligible for
“I’m taking a sick day!” This familiar refrain usually is uttered with just cause, but not always. What if there
It’s crucial to review and update your estate plan in light of significant life changes or new tax laws. It’s
Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy
At the beginning of the year, many people decide they’re going to get in the best shape of their lives.
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified
While it’s natural to set up trusts in the state where you live, you may be losing out on significant
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage
Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —
It’s not uncommon for people who live in states with high income taxes to relocate to states with more favorable
To help make sure you don’t miss any important 2025 deadlines, we’re providing this summary of when various tax-related forms,
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your
A revocable trust — sometimes known as a “living trust” — can provide significant benefits. They include the ability to
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage
According to the Pew Research Center, nearly a quarter (23%) of U.S. children under the age of 18 live