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EPGD Law Blog

Tag: irc
Business Law
Eric Gros-Dubois

What to Think About when Starting a Small Business

Starting a new business can be scary with all of the legal issues that arise, the taxes one may incur, the fear of losing money invested, etc.  To deal with these issues, it is best you consult an attorney to ensure all of your questions are answered and there are no hidden surprises.

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Tax Law
Eric Gros-Dubois

Taxes Upon Conversion

Corporations are often today converted into “disregarded entities” for tax purposes, such as avoiding “double taxation”. A disregarded entity is a business that is not separated from the owner for tax purposes.

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Tax Law
Niuris Bezanilla

What is the 2025 Tax Sunset?

President Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law on December 22, 2017, which brought many changes to the Internal Revenue Code (“IRC”).  The changes made have affected many taxpayers in different ways. 

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Foreign Reporting
Eric Gros-Dubois

What’s the Deal with GILTI?

Introduced in 2017 as part of the Tax Cuts and Jobs Act, GILTI, or “Global Intangible Low Tax Income,” is an outbound provision that broadens the scope of foreign earnings subject to U.S. taxation with the goal of reducing the incentive to shift corporate profits out of the U.S. into low or zero-tax jurisdictions.[1] Applicable to large multinational companies and to U.S. shareholders of certain foreign corporations, GILTI is fundamentally an anti-deferral provision that limits the amount of foreign income a U.S. shareholder can defer from U.S. tax.

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