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Archive for the ‘S Corporations’ Category

Steve Looney Presents Section 199A and Pass-Through Entities Seminar at NYU Taxation Institute

Published: November 15th, 2018

Stephen R. Looney

Stephen Looney, chair of Dean Mead’s Corporate and Tax Department, recently co-presented seminars on “Section 199A and Its Application to Pass-Through Entities” at the NYU School of Professional Studies 77th Institute on Federal Taxation – “A Year of Insights and Analyses From America’s Top Tax Authorities.” During his presentation sessions held on October 25 in […]

Qualified Opportunity Zones – Recent IRS Proposed Regulations

Published: November 13th, 2018

Stephen R. Looney

On October 19, 2018, the IRS issued Proposed Regulations addressing new Sections 1400Z-1 and 1400Z-2 relating to Qualified Opportunity Zones. Among other things, the Proposed Regulations confirmed that only capital gains (short-term or long-term) can be deferred under Section 1400Z-2. Section 1400Z-2 permits a taxpayer to defer recognition of a capital gain if an amount […]

Steve Looney Speaks on Section 199A and S Corporations at NYU Tax Conference

Published: August 3rd, 2018

Stephen R. Looney

Stephen R. Looney, Chair of Dean Mead’s Corporate and Tax Department, recently gave a co-presentation on “Section 199A and Its Application to S Corporations” during the NYU School of Professional Studies Tax Conference in New York City. On July 26, Looney spoke about the use of S corporations under the new provision applied to both […]

Brad Gould Earns Florida Bar Board Certification in Tax Law

Published: June 21st, 2018

Brad Gould

Fort Pierce, FL — Dean, Mead, Minton & Zwemer announced today that Brad Gould, shareholder in the Fort Pierce office, has earned Board Certification in Tax Law from The Florida Bar Board of Legal Specialization & Education. This is a significant milestone in Gould’s legal career because he is now distinguished as a specialist and […]

Actual Economic Outlay Doctrine Lives On

Published: May 31st, 2018

Stephen R. Looney

A back-to-back loan in the S corporation context refers to an arrangement in which an S corporation shareholder borrows funds from an unrelated or related third party, and then lends such funds to the S corporation.  A loan may be structured as a back-to-back loan at the outset to enable the shareholder to obtain a […]

Chambers USA 2018 Recognizes Seven Dean Mead Attorneys for Legal Excellence

Dean Mead Attorney French Brown
Dean Mead Attorney Robert Goldman
Dean Mead Attorney Mark Holcomb

Orlando, Fla. – Dean Mead has been ranked among the top Florida law firms in Chambers USA 2018 America’s Leading Lawyers for Business, an annual publication by Chambers and Partners. The rankings include seven of the firm’s attorneys in the categories of Tax and State and Local Taxation. The attorneys receiving the prestigious recognition include: […]

IRS Issues Notice on Carried Interests Held by S Corporations

Published: March 21st, 2018

Stephen R. Looney

Many questions have already arisen with respect to the newly-enacted Tax Cuts and Jobs Act.  As the IRS begins the process of releasing guidance in order to answer these questions, it is important that taxpayers stay current.  Recently, the IRS issued Notice 2018-18[1], its first piece of guidance under the Tax Cuts and Jobs Act.  […]

New Deduction For Qualified Business Income of S Corporations, Partnerships, LLCs and Sole Proprietorships

Published: December 29th, 2017

Stephen R. Looney

Effective January 1, 2018, the Tax Cuts and Job Act, formally entitled “An Act to Provide For Reconciliation Pursuant to Titles II and IV of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Tax Act”), enacts new Internal Revenue Code (“Code”) Section 199A which generally provides a deduction of 20% of the […]