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 use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit
If you’re putting aside money for college or other educational expenses, consider a tax-advantaged 529 savings plan. Also known as
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation
If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a
Federal estate tax liability is no longer an issue for many families, now that the gift and estate tax exemption
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA).
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income
You probably don’t have to be told about the need for a will. But do you know what provisions should
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to