by Aman Badyal | May 16, 2017 | Uncategorized
Don’t Ignore the RULLCA Time Bomb On January 1, 2014, the California Revised Uniform Limited Liability Company Act (“RULLCA”) came into effect. Many LLCs organized or operated in California have failed to take account of the drastic changes imposed by...
by Aman Badyal | Feb 28, 2017 | Uncategorized
CRS: Import Tax v Border Tariff
by Aman Badyal | Feb 6, 2017 | Legal News and Information, Uncategorized
The Bipartisan Budget Act of 2015 (the “BBA”) enacted a new partnership tax audit regime that applies to all partnership audits for tax years commencing January 1, 2018 or later. The new regime includes many provisions that are unfavorable to taxpayers undergoing an...
by Aman Badyal | Sep 19, 2016 | Uncategorized
Section 409A of the Internal Revenue Code imposes a complicated set of rules and requirements upon any “nonqualified deferred compensation plan.” Failure to comply with the requirements of Section 409A will result in an additional federal income tax of 20%. This 20%...
by Aman Badyal | Sep 12, 2016 | Uncategorized
International Tax Structuring for Foreign Manufacturer’s U.S. Sales Office. (1) In the absence of a tax treaty, a foreign corporation is subject to U.S. federal income taxes if it has gross income that is “effectively connected” with the conduct of a U.S....
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