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

Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick

Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create

Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, once your

Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also

A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that

If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the

Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign

Your estate plan should be flexible enough to adapt to changing laws, family circumstances and financial situations. If it includes

If you run your business as a C corporation, you may be eligible for a potentially significant tax break for

Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust

  The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous

  The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right

  If you have outstanding loans to your children, grandchildren or other family members, consider forgiving those loans to take

  The Small Business Administration (SBA) has extended the repayment deadline for Payroll Protection Program (PPP) borrowers that wish to

  As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low.

  The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market

  In response to the novel coronavirus (COVID-19) outbreak, many employers have closed all or parts of their operations —

  The novel coronavirus (COVID-19) pandemic has adversely affected the global economy. Companies of all sizes in all industries are

  The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in

  The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related

  The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for

  Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series