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Archive for the ‘Corporate’ Category

Tax Refunds And Rate Reductions Ahead For Florida Companies

Dean Mead Attorney French Brown
Published: May 29th, 2019

By: H. French Brown, IV

Dean Mead SALT attorney, French Brown, authored a guest column that was published in Law360 Tax Authority on May 15, 2019. The passage of the 2017 Tax Cuts and Jobs Act caught Florida flat-footed. The 2018 regular legislative session started just two weeks after the TCJA’s passage and concluded 62 days later. During that time, […]

Posted in Articles, Corporate, Florida Legislative Session, Government Relations & Administrative Law, State Taxation, Tax Law Blog, Tax Reform

Key Legislative Issues on the Forefront in 2019 – Part II

Dean Mead Attorney French Brown
Published: February 4th, 2019

By: H. French Brown, IV Brittany O. Finkbeiner

Key Legislative Issues on the Forefront in 2019 – Part II Election Reform After Florida’s 2018 general election became the subject of national news, state leaders appear poised to address voting laws this session. Under Florida election law, if one candidate has a margin of victory of less than 0.5 percent over the second-place finisher, […]

Posted in Articles, Corporate, Government Relations & Administrative Law, State Taxation, Tax Law Blog, Tax Reform

IRS Issues Final Regulations on QBI Deduction Under Section 199A

Published: January 25th, 2019

By: Stephen R. Looney

On January 18, 2019, the IRS issued Final Regulations under new Section 199A (“Final Regulations”), which generally provides a deduction equal to 20% of an owner’s allocable share of the “qualified business income” (QBI) from a pass-through entity (S corporation, partnership, LLC taxed as a partnership or S corporation), or from a sole proprietorship. The […]

Posted in Articles, C Corporations, Corporate, Internal Revenue Service, Partnerships and LLCs, S Corporations, Tax Law Blog

Florida Financial Outlook – Currently Sunny with Slight Chance of Recession

Dean Mead Attorney French Brown
Dean Mead Attorney Michael Dobson
Published: January 10th, 2019

By: H. French Brown, IV Michael B. Dobson

Balancing Florida’s Budget Florida’s Constitution mandates the Legislature pass a single bill each year – a balanced state budget. The biggest constraint our legislators face when crafting a budget each spring is the amount of revenue forecasted to be available at the end of the current fiscal year and through the next fiscal year. In […]

Posted in Articles, Corporate, Income Taxes, State Taxation

The Florida DOR’s Thirteen TCJA Topics – A Closer Look

Dean Mead Attorney French Brown
Dean Mead Attorney Robert Goldman
Dean Mead Attorney Mark Holcomb
Published: September 7th, 2018

By: H. French Brown, IV Robert S. Goldman Mark E. Holcomb

Many states, like Florida, adopt or “piggyback” the Internal Revenue Code as the starting point for calculating their state corporate income tax, subject to certain modifications. The Florida Legislature’s adoption of the Internal Revenue Code in effect on January 1, 2018, which includes the Tax Cuts and Jobs Act, has potentially broad ramifications for Florida […]

Posted in Articles, Corporate, Income Taxes, State Taxation, Tax Law Blog, Tax Reform

Florida Department of Revenue Conducts First Public Meeting Regarding TCJA Changes

Dean Mead Attorney French Brown
Dean Mead Attorney Robert Goldman
Dean Mead Attorney Mark Holcomb
Published: August 23rd, 2018

By: H. French Brown, IV Robert S. Goldman Mark E. Holcomb

The December 22, 2017, effective date of the federal Tax Cuts and Jobs Act (TCJA) afforded the Florida Legislature little time during its 2018 Regular Session to evaluate the potential impact of the TCJA’s many domestic and foreign provisions on Florida’s corporate income tax. As a result, the Legislature directed the Department of Revenue to […]

Posted in Articles, Corporate, Income Taxes, State Taxation, Tax Reform

Mark Holcomb Comments on Wayfair Sales Tax Case for Bloomberg Article

Dean Mead Attorney Mark Holcomb
Published: August 17th, 2018

By: Mark E. Holcomb

Mark Holcomb, an attorney in Dean Mead’s Tallahassee office, provided commentary for the article “Florida Tax Case Raises Specter of Retroactive ‘Wayfair’ Use.” The article, which appeared in the August 14, 2018 edition of Bloomberg Tax, focuses on the court filing by the Florida Attorney General’s Office regarding retroactive enforcement of the Supreme Court’s Wayfair […]

Posted in Articles, Corporate, State Taxation, Tax Law Blog

Actual Economic Outlay Doctrine Lives On

Published: May 31st, 2018

By: 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 […]

Posted in Articles, Corporate, Partnerships and LLCs, S Corporations, Tax Law Blog