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
A revocable trust isn’t effective unless you fund it by transferring ownership of assets to the trust. Transferring a vehicle
If your son or daughter currently is home from college on winter break, now is a good time to sit
Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own
If you or one of your adult children is getting married, you may be concerned about protecting your family’s assets
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the
Prepaying property taxes related to the current year but due the following year has long been one of the most
Sometimes estates that are large enough for estate taxes to be a concern are asset rich but cash poor, without
In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax
Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your