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

During the holiday season your thoughts likely turn to helping those in need by making charitable donations. Doing so will

Standard mileage rates decrease for 2017. The IRS announced that the optional mileage allowance for owned or leased autos, vans,

Year end is just about here. You know what that means, right? It’s a great time to settle in by

An alternative way to be charitable. Taxpayers who are at least 70½, who have IRAs and who wish to donate

Flexible Spending Accounts (FSAs) save tax. The IRS reminds eligible employees to take advantage of employer health care FSAs in

A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate

The 2016 gift tax annual exclusion allows you to give up to $14,000 per recipient tax-free without using up any

If you limit how many vacation days employees can roll over to the new year, you might find your workplace

Get ready to file your tax return in 2017. The IRS announced that the 2017 tax filing season will begin

Be sure to take required minimum distributions (RMDs) by year end, if required. If you’ve reached age 70 1/2, take

There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a

Congress Watch: U.S. House of Representatives prepares to adjourn. On Dec. 8, the House passed H.R. 2028, “Further Continuing and