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Archive for the ‘Real Estate Tax’ Category

“Can a Pre-Petition State Tax Lien Foreclosure Be Avoided as a Fraudulent Transfer?”

Published: June 13th, 2014

Lynn Hinson, a shareholder in Dean Mead’s litigation practice, authored the article titled, “Can a Pre-Petition State Tax Lien Foreclosure Be Avoided as a Fraudulent Transfer?” The article was published in the American Bar Association Section of Litigation Bankruptcy and Insolvency – News & Developments on June 12, 2014. His article may be viewed here: Can a Pre-Petition […]

“Camp Proposal on Tax Reform Contains Many Changes and Surprises” in Tampa Bay Medical News

Published: May 27th, 2014

By: Stephen R. Looney

Dean Mead shareholder and Chair of the firm’s Tax Department, Stephen Looney, authored the article “Camp Proposal on Tax Reform Contains Many Changes and Surprises,” published in the May 2014 edition of Tampa Bay Medical News. The article may be viewed via the following link: Camp Proposal on Tax Reform. This article was reproduced with permission from Tampa Bay […]

Tax Court Upholds Real Estate Development Co. Application of Completed Contract Method of Accounting to Home Construction Contracts

Published: April 16th, 2014

By: Stephen R. Looney

     In Shea Homes, Inc., et al. v. Comm’r, 142 TC 3 (2014), the Tax Court held that the taxpayers (three related real estate development companies) correctly applied the completed contract method of accounting to their home construction contracts by their interpretation of the “subject matter of the contract” as not only including the houses, […]

Steve Looney Quoted in Orlando Sentinel about the Mortgage Forgiveness Debt Relief Act

Published: December 18th, 2013

By: Stephen R. Looney

Steve Looney, chair of Dean Mead’s Tax department, is quoted in an article titled, “Big tax bills could hit underwater owners” in the December 18, 2013 edition of the Orlando Sentinel. The article about the Mortgage Forgiveness Debt Relief Act expiring is provided here: http://www.orlandosentinel.com/business/os-mortgage-debt-forgiveness-20131213,0,3353972.story.

Tax Court Holds that Conservation Reserve Program Payments From USDA Are Subject to Self-Employment Tax

Published: December 3rd, 2013

By: Stephen R. Looney

In Morehouse,[1] the Tax Court held that the payments received by the taxpayers from the United States Department of Agriculture (USDA) Conservation Reserve Program (CRP) constituted self-employment income subject to the self-employment tax imposed under Section 1401. The taxpayer owned a number of acres of land in South Dakota, which he did not personally farm […]

New TAM May Curtail Ability of Community Development Districts to Issue Tax-Exempt Bonds

Published: August 9th, 2013

By: Charles H. Egerton

Please note:  This Tax Tip column will be published in the September–October 2013 issue of The Journal of Passthrough Entities, a publication of Wolters Kluwer Tax and Accounting. Introduction: On May 9, 2013, a Technical Advice Memorandum1 (the “TAM”) was issued with respect to a community development district (“CDD”) in Florida. Although the CDD and the developer that was […]

Options to Acquire Real Estate: When Will They Not Be Respected as “Options” for Tax Purposes?

Published: July 19th, 2013

By: Charles H. Egerton

Charles H. Egerton and Christine L. Weingart have had an article published in the May-June 2013 Journal of Passthrough Entities entitled Options to Acquire Real Estate: When Will They Not Be Respected as “Options” for Tax Purposes?

Dean Mead Seminar on March 27th: “Will the Recent Tax Changes Have a Major Impact on Your Real Estate Investments?”

Published: March 11th, 2013

The recently enacted American Taxpayer Relief Act of 2012, together with the new 3.8% tax on investment income that was added to the Code as part of the Patient Protection and Affordable Care Act, but first became effective for tax years beginning in 2013, are likely to have a significant impact on real estate investments.  […]