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Archive for the ‘Charitable Contributions’ Category

Tax Court Denies Conservation Easement Deduction Because Property Did Not Constitute a “Qualified Real Property Interest”

Published: March 25th, 2015

By: Stephen R. Looney

In Balsam Mountain Investments, LLC,[1] the Tax Court took a very restrictive view of what qualifies as a “qualified real property interest” under Section 170(h)(2)(C), in granting summary judgment in favor of the IRS disallowing a charitable contribution deduction for a conservation easement. In 2003, Balsam Mountain Investments, LLC executed a perpetual conservation easement agreement […]

Jane Callahan Speaks on Florida’s Charity Reform Law at the C/F/R Non-profit Series

Published: October 27th, 2014

By: Jane Dunlap Callahan

Jane Callahan, shareholder in Dean Mead’s Tax department, will be the featured speaker at a special nonprofit seminar about Florida’s new Charity Reform Law on November 12th. Cross, Fernandez & Riley, LLP and Dean Mead invite you to attend a complimentary breakfast seminar featuring keynote speaker, Jane Callahan, Shareholder in Dean Mead’s Tax department. Join […]

Jack Bovay and Michael Minton Quoted in UF Law Magazine for Giving

Published: January 23rd, 2014

By: Michael D. Minton

Dean Mead shareholders, Jack  C. Bovay and Michael D. Minton were quoted in the Fall 2013 issue of UF Law Magazine for “Giving”. The article may be viewed in its entirety by clicking the link: 2013_fall_UF_LAW_magazine This article has been posted with permission.

IRS RECOGNIZES ALL SAME SEX MARRIAGES

Trust and Estate Attorney Orlando
Published: August 29th, 2013

By: Matthew J. Ahearn

Today, the United States Treasury Department and the Internal Revenue Service issued a very significant and consequential ruling, Revenue Ruling 2013-17, addressing tax issues arising from the recent U.S. Supreme Court decision of U.S. v. Windsor, 133 S. Ct. 2675, issued on June 26, 2013. For federal tax purposes, the IRS will now recognize all same-sex […]

Charities’ Expanded Use of LLCs

Published: August 7th, 2012

By: Jane Dunlap Callahan

Charitable organizations now have more flexibility to use single member limited liability companies (“LLCs”).  In Notice 2012-52, the IRS stated that contributions to a single member LLC that is wholly owned by a section 501(c)(3) organization will be treated as a contribution by the donor to the parent charitable organization.  As an example of the […]

Florida Charities, Get Ready for UPMIFA!

Published: June 15th, 2012

By: Jane Dunlap Callahan

The Florida Uniform Prudent Management of Investment Funds Act (“Florida UPMIFA”) will go into effect on July 1, 2012.  Florida UPMIFA applies to most charitable organizations and funds held for charitable purposes.  The new law has requirements for managing and investing charitable use funds other than program-related assets.  Florida UPMIFA also provides methods for charities […]

Florida’s Uniform Prudent Management of Institutional Funds Act

Trust and Estate Attorney Orlando
Published: June 3rd, 2011

By: Matthew J. Ahearn

Florida’s Uniform Prudent Management of Institutional Funds Act (the “Act”) (Fla. Stat. Sec. 617.2104), replaces the Florida Uniform Management of Institutional Funds Act (Fla. Stat. Sec. 1010.10) and expands its application to include all charitable institutions and not only those associated exclusively with educational purposes The Act is based on the Uniform Management of Institutional […]