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
Have you made substantial gifts of wealth to family members? Or are you the executor of the estate of a
It’s not uncommon for employers in some industries and localities to occasionally rehire a previously terminated employee. Should such a
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until
The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your
In the simplest of worlds, an employee effectively performs a set of tasks on an agreed-upon schedule and you pay
Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and
To help you make sure you don’t miss any important 2019 deadlines, we’ve provided this summary of when various tax-related
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the
Employee stock ownership plans (ESOPs) offer closely held business owners an exit strategy and a tax-efficient technique for sharing equity
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s