$25,000 penalty for not reporting LLC with Foreign Owner(s)

What is a Single-Member LLC and what does it mean to be a Disregarded Entity? For US tax purposes, a limited liability company (LLC), that has a single owner (Single Member LLC, or SMLLC) and is not classified as a corporation is generally disregarded as separate from its owner (a Disregarded Entity). That is to say that the economic activities […]

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Your Family Deserves a Trust

As the saying goes, one should hope for the best but plan for the worst. Some of our clients come to us asking for a “simple will”, because they want to leave “everything to their spouse and then to their children equally” and they hope for the best. Our job is to plan for other possibilities and that means recognizing that death may not be the worst case scenario.

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I Just Need a Simple Will…

Friends, this just is not ever the case. We love simple and elegant solutions to complex problems as much as anyone, but the cold, hard truth is that no mere Last Will & Testament can provide for all the legal and financial challenges our loved ones will face upon our death or incapacity.

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Legal Checklist for Parents

It’s that time of year again. Vacation time is over and the kids are going back to school. You’ve done all sorts of things to prepare them for their first day and fought the traffic to get them there on time. They walk away with lunchbox in hand, barely realizing they are entirely dependent on you for everything they have.

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Business Divorce Checklist

It has been said that a business partnership is much like a marriage.  The relationship among partners can be quite fruitful, but disagreements inevitably pop up from time to time.  Over the years we have represented minority owners and majority owners, partners and shareholders, corporations, partnerships and LLCs in various “breakup” scenarios.  These scenarios range from “cold shoulder” formalization of […]

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Impact of Estate Tax Reform on Multinational Families

  Tax reform bills are currently making their way through the House of Representatives and Senate that could result in the most comprehensive tax reform in decades. Instead of immediately repealing the estate and generation skipping transfer taxes, the House bill would phase them out over the next six years. This would start by doubling the current, inflation-adjusted $5 million […]

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IRS Announces Relief for Victims of Hurricane Irma

WASHINGTON –– Hurricane Irma victims in parts of Florida and elsewhere have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. Today’s relief parallels that granted last month to victims of Hurricane Harvey. This includes an additional filing extension for taxpayers with valid extensions that run […]

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Desayuno con CABA: Tax & Estate Planning for Wealthy Foreigners

  Join Eduardo Arista at Desayuno con CABA (Cuban American Bar Association) and learn how to navigate through complex tax and trust law in order to help your wealthy, foreign clients plan ahead and determine what can and should be done to maximize legal advantage and minimize tax prior to establishing tax residency and/or transferring wealth to a family member […]

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Miami Marlins Pro Bono Event Sponsored by Arista Law & Tax

Arista Law & Tax is proud to announce our Diamond Sponsorship of the Cuban-American Bar Association (“CABA”) Second Annual Night with the Miami Marlins. This event was created in support of the CABA Pro Bono Project whose mission is to provide legal assistance to indigent Spanish-speaking people who otherwise would not have access to lawyers and the courts. Click here for more information.  

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How to Optimize Your LLC as you Renew by May 1 to Avoid the $400 Penalty

Filing an Annual Report is actually the legal minimum to keep an entity “alive”. For better corporate health, we would recommend you consider at least the following five legal issues as you renew each of your business entities:

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