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

Temporary regulations authorize more tax return information disclosures to the U.S. Census Bureau. The IRS has issued temporary regs that

Family business compensation found not reasonable. Businesses can deduct ordinary and necessary expenses, including reasonable compensation. In one case, the

Court cracks down on tax protestor. The U.S. Tax Court defines a tax protestor as a person making frivolous tax

When performing an audit, CPAs send confirmation letters to outside parties typically via the U.S. Postal Service in accordance with

Proposed regs would add new types of covered asset acquisitions for foreign tax credit limitation purposes. The IRS has proposed

Court ruling nixing Obamacare reimbursements is frozen until President-elect Trump takes office. The U.S. Court of Appeals for the District

If you have unadopted stepchildren, estate planning is critical to ensure that your property is distributed the way you desire.

If your 40s are behind you, consider boosting retirement savings and reducing your 2016 tax bill with a 401(k) catch-up

Safe and convenient tool. The IRS has launched an online tool that lets taxpayers see their account balance, including what

Payments weren’t alimony. Alimony payments are includible in the recipient’s gross income and deductible by the payor. Here, spousal support

You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year

A shift of the tax burden? A brief from Washington, D.C.-based Tax Policy Center advocates shifting much of the tax

A living trust is one of the most versatile estate planning tools available. It offers a streamlined way to manage

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will

When creating a will, most people focus on the big-ticket items — including who gets the house, the car and

Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added

If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill

Making sure your family will be able to locate your estate planning documents when needed is one of the most

Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding

The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act

If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand

Life insurance is often a cornerstone of estate planning, providing liquidity to cover estate taxes, debts or other obligations. However,

Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to

Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E)