Steve Looney Speaks at ABA Tax Section Meeting in Orlando, Florida

By Julia Thomas | January 30, 2013

Steve Looney, head of the Dean Mead tax department, spoke on a panel presentation discussing “S Corporation Compensation Reclassification Risks”  for the S Corporations Committee of the ABA Tax Section, at its January 2013 “Mid-Year” Meeting held in Orlando, Florida on January 24-26.  A copy of Steve’s outline is available here: S Corporation Compensation Reclassification Risks

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Dean Mead Sponsors Harbor Branch Oceanographic Institute Indian River Lagoon Symposium and Love Your Lagoon Gala

By Julia Thomas | January 29, 2013

Harbor Branch Oceanographic Institute Indian River Lagoon Symposium 2013 and Love Your Lagoon Gala February 6-8, 2013 Dean Mead to sponsor the Love Your Lagoon Gala & Dinner Friday, February 8, 2013 6:00 pm – 10:00 pm Harbor Branch Oceanographic Institute HBOI – Florida Atlantic University, 5600 US 1 North, Fort Pierce, FL 34946 Harbor…

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Jane Callahan to Speak at the “Trends in Philanthropy” Program on February 5th at the Orlando Museum of Art

By Julia Thomas | January 27, 2013

Jane Callahan, shareholder in Dean Mead’s Tax department, will be one of the featured panelists during a program focused on “Trends in Philanthropy” on Tuesday, February 5, 2013 at the Orlando Museum of Art. Ms. Callahan will be speaking about the Uniform Prudent Management of Institutional Funds Act. Program details are as follows: Trends in…

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New Safe Harbor for Deductions Related to Business Use of Residence

By Julia Thomas | January 22, 2013

Section 280A generally disallows deductions for business expenses with respect to a dwelling unit used by a taxpayer as a residence.  However, if the conditions of Section 280A(c) are met (such as establishing a qualified business or rental use), then the taxpayer may take deductions up to the amount of gross income derived from the qualified use for…

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SFWMD Conducts Comprehensive Land Assessment Process

By Julia Thomas | January 22, 2013

Over the lifetime of the South Florida Water Management District (SFWMD or District) and its predecessors, the agency has acquired interests in nearly 1.5 million acres of land throughout its jurisdiction.  About half of those lands are owned in fee simple, half in less-than fee.  As budget constraints and legislative pressure have forced it to…

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Renewed Interest in Like Kind Exchanges in 2013

By Julia Thomas | January 18, 2013

The Internal Revenue Code Section 1031 allows taxpayers to defer the income tax on gains on the “sale” of property used in a trade, business or investment property if the taxpayer instead engages in an exchange of such property and acquires qualified replacement property (a “like-kind exchange”).  During calendar year 2012, with the knowledge that…

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Pass-Throughs Still the Preferred Choice of Entity in 2013 and Beyond

By Julia Thomas | January 16, 2013

A number of commentators have suggested that since the maximum marginal individual federal income tax rate has risen to 39.6% and now exceeds the maximum marginal federal tax rate applicable to C Corporations of 35%, that it might be wise to convert pass-through entities (like partnerships, S Corporations and LLCs taxed as partnerships or S…

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