GPKLEG Blog

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