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Archive for 2017

Section 2704 Proposed Regulations Withdrawn!

Trust and Estate Attorney Orlando
Published: October 19th, 2017

By: Matthew J. Ahearn Brian M. Malec

Last August, Dean Mead reported on the issuance of proposed regulations under Code section 2704 that would have significantly curtailed valuation discounts applicable to transfers of interests in closely-held family businesses for tax purposes.  These proposed regulations were seen as one of the most important developments in the estate planning community in recent memory, and […]

Loans Available to Growers Through Citrus Emergency Loan Program

Published: October 19th, 2017

By: Dennis G. Corrick

Florida Governor Rick Scott has expanded the previously-authorized Florida Small Business Emergency Bridge Loan to include Florida’s citrus businesses. Small business owners may qualify for up to $50,000, and citrus growers up to $150,000, in interest-free, short-term loans under the program. Funds made available under this program are not grants. They are not intended to be the […]

Brad Gould Speaks at UF Accounting Conference

Published: October 18th, 2017

By: Brad Gould

Fort Pierce, Fla. – Brad Gould – a shareholder at the law firm of Dean, Mead, Minton & Zwemer – was a speaker at the University of Florida Accounting Conference presented by the Florida Institute of Certified Public Accountants (FICPA) on October 6, 2017 in Gainesville, Florida. His topic was titled, Estate and Trust Accountings. […]

Built-In Gain Tax Not Triggered By S Corporation Conversion of LLC Interest

Published: October 18th, 2017

By: Stephen R. Looney

An S corporation that was previously a C corporation is subject to the built-in gains tax under Section 1374 if appreciated assets held by the corporation (measured from the beginning of the S corporation’s first taxable year) are disposed of during the “recognition period.”  The built-in gains tax is imposed at the corporate, rather than […]

Do You Know Your Rights? Steps Your Company Should Take During an Immigration and Customs Enforcement (ICE) Worksite Raid

Published: October 16th, 2017

By: Chad I. Rubin Catherine Henin-Clark

Do You Know Your Rights? Steps Your Company Should Take During an Immigration and Customs Enforcement (ICE) Worksite Raid. The American Immigration Lawyers Association and the American Immigration Council have prepared the attached “Know Your Rights” brochure on employer rights and responsibilities during ICE worksite raids. Over the last few months, there has been an […]

Seventh Annual Crystal Ball Corporate Cocktail

Published: October 16th, 2017

By: Mark R. Leavitt

The Central and Northeastern Florida Chapter of the Crohn’s and Colitis Foundation held their Seventh Annual Crystal Ball Corporate Cocktail on October 13. Dean Mead was one of the many businesses to sponsor the event that was held at Holy Trinity Reception Center in Maitland. The event was filled with live entertainment, a silent auction […]

Swearing In Ceremony for Kristilee M. Chihos

Published: October 13th, 2017

By: Kristilee M. Chihos

Dean Mead’s Real Estate attorney, Kristilee M. Chihos’ Swearing In Ceremony took place on October 3, 2017. Chief Judge Frederick Lauten performed the ceremony at the Orange County Courthouse. There were several Dean Mead attorneys in attendance to congratulate Chihos on this achievement. Chihos is a graduate of Emory University School of Law in Atlanta, […]

ESOP Participants Treated as Related Persons for Deduction Deferral Purposes Under Section 267(a)(2)

Published: October 13th, 2017

By: Stephen R. Looney

Section 267(a)(2) contains a matching rule which requires that deductions resulting from items of expense and interest may not be taken in an earlier taxable year from the one in which the payee includes such item is gross income if the payor and payee are “related persons” within the meaning of Section 267(b).  Accordingly, whether […]