Congress Again Discussing Closing of Purported S Corporation “Loophole”

Tax Analysts has obtained a copy of a list of tax breaks which Democrats are targeting for savings as part of the Joint Conference Committee on the Budget.[1]  The list highlights the so-called “S corp loophole,” which the Budget Committee states “is a loophole … that allows certain wealthy professionals to avoid paying payroll taxes…

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Stephen Looney Speaks at NYU Tax Institute

Dean Mead attorney Stephen Looney was a featured speaker at the 72nd NYU Tax Institute in San Francisco, California on November 20th, 2013.  Mr. Looney’s presentation was entitled Tax Effects of Converting Entities Under Check the Box, State Law Conversion Statutes, State Law Merger Statutes and “Manual” Conversions.  The presentation examined the federal tax consequences of changing…

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Dean Mead Sponsors ULI Program: Space Coast Economy Leaps Ahead

Getting Ahead of Change: Space Coast Economy Leaps Ahead Nearly 100 people attended the ULI Brevard County Program on Wednesday, November 20th at the all new Exploration Tower at Port Canaveral – the centerpiece of Brevard County’s changing economy. Attendees at this exclusive event had the chance to explore this iconic structure while learning about Space Coast…

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Members of Diagnostic Imaging LLC Subject to Self-Employment Taxes

In Reither v. Commissioner, 112 AFTR2d 2013-6074 (D. N.M.), the court rejected on summary judgment a radiologist’s and his wife’s claim that they were not liable for self-employment tax on their distributive share of income from a diagnostic imaging LLC taxed as a partnership.  Although not clear from the facts of the case, presumably all…

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Dean Mead Attorneys Present During FICPA’s University of Florida Accounting Conference

Dean Mead attorneys Jack Bovay, Richard Withers and Brad Gould were featured speakers at the FICPA University of Florida Accounting Conference (UFAC), which took place November 7-8, 2013. The conference was held in Gainesville, Florida as part of FICPA’s 75 year tradition. Mr. Bovay and Mr. Withers presented together on Fiduciary Accounting and Reporting. Mr. Gould, who is a member of the Board of Governors for…

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15 Tips for a Successful Mediation (Part III) by David Hathaway

Mediation

This article is the final section of a three-part series that was published in the November issue of the Briefs, a publication of the Orange County Bar Association. Tip #11: Beware the Annoying Negotiator. Some lawyers employ tactics that make mediation maddening. There are a number of examples: the good cop/bad cop (one lawyer walks out in…

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