The U.S. Treasury announced exciting news for eager investors this week in publishing the approved list of qualified sites for the new Opportunity Zones for all 50 states. Florida successfully had 427 Opportunity Zones approved from its list – creating unique areas in every Florida County upon which improvements may be developed using this new […]
This is the fourth article in a series related to Florida’s implementation of the Federal Tax Cuts and Jobs Act (“TCJA”) for corporate income taxpayers. The previous articles include: Eyes on the Legislature: The Federal Tax Cuts and Jobs Act and the Risk for Florida Corporate Taxpayers written by Michael B. Dobson & Robert S. […]
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, its first piece of guidance under the Tax Cuts and Jobs Act. […]
This is an update to our previous article, Eyes on the Legislature: The Federal Tax Cuts and Jobs Act and the Risk for Florida Corporate Taxpayers written by Michael B. Dobson & Robert S. Goldman. That article provided a general overview of how Florida’s corporate income tax “piggybacks” the Internal Revenue Code, and how the Florida […]
We’ve previously written on the tax incentives available to promote renewable energy, including solar power. Our previous article is available here. In the legislative flurry that took place at the end of 2017, with the House and Senate bills for tax reform, many were concerned that federal tax incentives for renewable energy would disappear. Fortunately, […]
This is an alert to corporations subject to the Florida corporate income tax: The impact of the recently enacted Federal Tax Cuts and Jobs Act (“Act”) on Florida tax revenue is unknown. During its 60 day regular session beginning today January 9, 2018, the Legislature will invariably consider whether the Act is likely to result […]
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 […]
Stephen Looney, shareholder and chair of Dean Mead’s Tax Department, spoke at the 68th Alabama Federal Tax Clinic in Tuscaloosa, Alabama on November 21, 2014. He presented on “S Corporation Hot Topics.” The outline from his presentation may be viewed HERE.