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EPGD Law Blog

Tag: tax
EPGD Law Tax Law
Tax Law
Eric Gros-Dubois

Who Does the SEC Oversee?

The Securities and Exchange Commission (“SEC”) is an independent government agency created to regulate corporate securities while maintaining fair market practices. The SEC is commanded by a five-member commission who act cooperatively to enforce the rules and regulations that make up the securities market.  Their authority is derived from the Securities Act of 1933 and the Securities Exchange Act of 1934.

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EPGD Law SEC
Tax Law
Eric Gros-Dubois

What is the Purpose of the SEC?

The U.S. Securities and Exchange Commission is a governmental agency that serves the purpose of protecting investors from fraud and maintaining fairness and efficiency of the U.S. market. One of the main goals of the SEC is to mandate disclosures about all kinds of investments to both small and big businesses.

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EPGD Law Estate Planning
Estate Planning
Niuris Bezanilla

HBO®’s “Succession” The Importance of Succession Planning as Part of Your Estate Plan

While the show is fictional, the reality is that succession planning is an important aspect of estate planning that should be fully integrated into your plan, especially for business owners.  A solid estate plan not only provides for the disposition of your assets upon your passing but also plans for someone to take your place (a successor) when you are no longer able to perform your responsibilities due to incapacity or death. 

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EPGD Law C Corp
Business Law
Aviv Asoulin

The Advantages and Disadvantages of C-Corporations

A C-Corporation is the typical corporate structure. However, any company—limited liability companies, partnerships, and sole proprietorship—can elect to be taxed as a C-Corporation. Electing to be treated as a C-Corporation is essentially deciding how your entity will be taxed.

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Business Law
Silvino Diaz

Can a U.S Non-Profit Organization Provide Services in Foreign Countries?

Along with registering an organization in the United States, many, if not all countries require proper registration within their governmental agency as well. This not only allows foreign countries to have control over U.S organizations operating within their nation’s borders, it also helps keep track of activities and allows the enforcement of local laws.

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Tax Law
Niuris Bezanilla

Foreign Partnerships & Tax Form 8813

Under Internal Revenue Code “IRC” Section 1446, a partnership of this sort may be made up of any kind of foreign corporation, international organization, non-resident individual or foreign estate or trust. Any partnership that falls under the definition of 1446 must pay the required withheld taxes mandated by the IRS.

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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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Tax Law
Eric Gros-Dubois

What is Tax Form 1120?

When an individual or group of individuals decide to incorporate their domestic business, it is then a requirement to annually file IRS Form 1120, the U.S. Corporate Income Tax Return.

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Tax Law
Eric Gros-Dubois

Is There Self-Employment Tax for a LLC with Passive Income?

If a LLC member is not personally liable for the LLC’s debts, has no authority to contract for the LLC, or does not participate in the LLC’s business for more than 500 hours per year, their income is considered passive, and therefore, not subject to self-employment tax.

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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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Estate Planning
Niuris Bezanilla

Creating a Trust for your IRA

IRAs allow you to save for retirement with tax-free growth on a tax-free basis.  You can also establish different sub-trusts within the IRA trust for the benefit of your beneficiaries, including your spouse. You can design each sub-trust to fit the unique needs of each beneficiary.

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Business Law
Eric Gros-Dubois

Why is an LLC Important?

Today, many businesses are forming as a Limited Liability Company (LLC) and are finding that an LLC offers the “best of both worlds” of corporate forms.

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tax law
Business Law
Eric Gros-Dubois

An Overview of Qualified Business Income (QBI) Deductions; Part One

A new and important provision in the Tax Cut and Jobs Act (TCJA), enacted in December of 2017, is Section 199A, which allows deductions for qualified business income (QBI). This post is part one of a three-part series and addresses what QBI is, who may claim QBI deductions, how they may claim such deductions, and how to calculate the deduction for taxpayers below the lower threshold.

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tax cut
Business Law
Eric Gros-Dubois

What are the Deductions for the new Tax Act?

The Tax Cuts and Jobs Act passed in 2017, and effective in 2018, provides businesses with a reduced tax rate, but also significantly alters the tax deductions businesses can claim. Some major categories of tax deductions that have been adjusted are meals, entertainment, and travel for either employees or clients

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