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 minute tax-saving business tips. As year-end approaches, if you own a business you could benefit from some tax-trimming moves.
Gamblers couldn’t deduct losses. “Professional” gamblers can deduct losses equal to their winnings, but the burden of proving the deduction
Exempt status revoked, but not denied. A volunteer fire department provided fire protection, ambulance and rescue services to the community.
Summons issued to bitcoin exchange. Coinbase, the nation’s largest bitcoin exchange firm, has been served with an IRS summons seeking
Attention employers: There are three ways to set up an automatic enrollment 401(k) plan. Many Americans are unprepared for retirement
Security tips for taxpayers. The IRS suggests that you always: use security software with firewall and antivirus protections, make sure
IRS puts personal info at risk. Employees in the IRS Small Business/Self-Employed Division often don’t follow the agency’s email policies
Expecting tax cuts next year? President-elect Trump declared one of his top priorities to be passage of a “major tax
Distributor’s TV packages don’t qualify. In two similar Technical Advice Memorandums, the IRS determined that a television subscription package sold
Taxpayers denied child tax breaks. For part of a year, a married couple lived with a child from the wife’s
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might
Accrual-basis taxpayer? One way to save tax is to properly record and recognize expenses that were incurred this year but
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures
If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same
To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to
Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law
After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small
You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings,
The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the