GKG CPAs Blog

The IRS’s New Year Resolution to Secure Your Tax Identity

This resolution of the IRS is similar to many resolutions we all make, in that they tend to be the same each year. In the IRS’s case, they seem to…

Read more

What You Need to Know About FAFSA Changes for 2017-2018

Starting with the 2017-2018 Free Application for Federal Student Aid, the following changes have been put in place: Students are now able to submit their applications earlier. Filers of the…

Read more

Stricter Rules for Valuation Discounting and Estate Planning

An estate and succession planning tool for passing down appreciable assets to family members utilizing discounts is soon to end. Current rules have flexibility and does allow for some advantageous…

Read more

CHILDREN OFTEN UNLIKELY VICTIMS OF IDENTITY THEFT

Children are the newest victims of identity theft/fraud and most of the time they don’t even know they have been preyed upon. Children make a very tempting target for identity…

Read more

Student Loan Interest Tax Deduction

The numbers can be staggering. During 2016, the accumulated student loan debt in the United States exceeded $1.4 trillion. Correspondingly, the average 2016 college grad accepts their diplomas with debt…

Read more

Litigation Services by Financial Forensic CPAs

There are numerous areas forensic CPAs are essential in assisting the litigating attorney to prosecute complex financial cases involving material financial issues. IRS Investigations – Demonstrating what the IRS will…

Read more

Checking Your Beneficiaries

Over the years we commonly accumulate multiple bank and investment accounts, 401(k) and other retirement accounts, plus a number of insurance policies, most of which called for you to designate…

Read more

Passing On Your Digital Assets

We are constantly reminding our clients to plan for the transition of their material wealth, recommending such things as trusts, titling of their assets, gifting, etc. How much attention are…

Read more

NYC PRETAX TRANSIT BENEFITS

Starting in 2016, certain New York City employers will be required to offer pre-tax transit benefits.  As part of the Affordable Transit Act signed into law back in October of…

Read more

ALL ROADS LEAD TO THE HIGHWAY TRUST FUND EXTENSION

You may have heard about the Highway Trust Fund (the “Fund”) Extension that was passed this summer, officially part of the longer named “Surface Transportation and Veterans Health Care Choice…

Read more