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Archive for the ‘Partnerships and LLCs’ Category

Dana Apfelbaum’s Guest Column in Treasure Coast Business Magazine

Published: October 23rd, 2019

By: Dana M. Apfelbaum

Dana Apfelbaum authored a guest column entitled, Choose the Right Structure When Starting Your Business, published in Treasure Coast Business magazine’s 2019 fall edition. Apfelbaum is a business law, tax and estate planning attorney who practices in Dean Mead’s Treasure Coast offices. Starting and running a business requires making important decisions. Different business entities can […]

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 […]

Steve Looney Presents Section 199A and Pass-Through Entities Seminar at NYU Taxation Institute

Published: November 15th, 2018

By: Stephen R. Looney

Stephen Looney, chair of Dean Mead’s Corporate and Tax Department, recently co-presented seminars on “Section 199A and Its Application to Pass-Through Entities” at the NYU School of Professional Studies 77th Institute on Federal Taxation – “A Year of Insights and Analyses From America’s Top Tax Authorities.” During his presentation sessions held on October 25 in […]

Qualified Opportunity Zones – Recent IRS Proposed Regulations

Published: November 13th, 2018

By: Stephen R. Looney

On October 19, 2018, the IRS issued Proposed Regulations addressing new Sections 1400Z-1 and 1400Z-2 relating to Qualified Opportunity Zones. Among other things, the Proposed Regulations confirmed that only capital gains (short-term or long-term) can be deferred under Section 1400Z-2. Section 1400Z-2 permits a taxpayer to defer recognition of a capital gain if an amount […]

IRS Issues Proposed Regulations on Section 199A Deduction

Published: August 9th, 2018

By: Stephen R. Looney

On August 8, 2018, the IRS issued Proposed Regulations under Section 199A as enacted by the Tax Cuts and Jobs Act, which generally provides a deduction of 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 sole proprietorship. The […]

Brad Gould Earns Florida Bar Board Certification in Tax Law

Published: June 21st, 2018

By: Brad Gould

Fort Pierce, FL — Dean, Mead, Minton & Zwemer announced today that Brad Gould, shareholder in the Fort Pierce office, has earned Board Certification in Tax Law from The Florida Bar Board of Legal Specialization & Education. This is a significant milestone in Gould’s legal career because he is now distinguished as a specialist and […]

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 […]

Litigation Client Alert – Changes to Florida LLC Law

Published: February 6th, 2018

By: A. Felipe Guerrero

In 2013, the Florida Legislature adopted a new LLC act that created Chapter 605 of the Florida Statutes. The revised law became effective for all Florida limited liability companies on Jan. 1, 2015, regardless of when they were organized. The Florida Legislature adopted amendments to Chapter 605 that became effective on July 1, 2015. Many disputes […]