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Archive for the ‘Tax Planning’ Category

FINDING YOUR ZONE – Florida’s Opportunity Zones Confirmed

Dean Mead Attorney French Brown
Published: June 22nd, 2018

H. French Brown, IV Brian M. Stephens Michael D. Minton Charles H. Egerton

The U.S. Treasury announced exciting news for eager investors this week in publishing the approved list of qualified sites for the new Opportunity Zones for all 50 states. Florida successfully had 427 Opportunity Zones approved from its list – creating unique areas in every Florida County upon which improvements may be developed using this new […]

Posted in Articles, Real Estate Blog, State Taxation, Tax Law Blog, Tax Planning, Tax Reform

Brad Gould Earns Florida Bar Board Certification in Tax Law

Published: June 21st, 2018

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 […]

Posted in Articles, Estate & Trust Administrations, Estate, Gift & GST Tax, Mergers and Acquisitions, Partnerships and LLCs, Press Releases, S Corporations, Tax Law Blog, Tax Planning, Trusts and Estates Blog

Department of Revenue Bulletin: Property Tax Relief for Citrus Equipment

Dean Mead Attorney Robert Goldman
Published: June 12th, 2018

Robert S. Goldman Dennis G. Corrick

On June 1, 2018 the Department of Revenue issued a bulletin which serves as a reminder of property tax relief available in tax year 2018 for certain citrus fruit packing and processing facilities. The bulletin, PTO 18-02, follows the 2018 enactment of a Florida law (Laws of Florida Ch. 2018-118) providing that tangible personal property […]

Posted in Ad, Ad Valorem Taxes, Agribusiness, Articles, Government Relations & Administrative Law, Property Taxes, Tax Law Blog, Tax Planning

Charles Egerton and Edward Waters on the Tax Consequences of a Mitigation Bank in the Journal of Passthrough Entities

Published: June 1st, 2018

Edward A. Waters Charles H. Egerton

Charles H. Egerton and Edward A. Waters, attorneys in Dean Mead’s Tax Department co-authored the article, “Update of the Tax Consequences of the Formation and Operation of a Mitigation Bank”, published in the Tax Tip column of the Journal of Passthrough Entities, Volume 21, Issue 3, May-June 2018, a publication of CCH.

Posted in Agribusiness, Articles, Environmental, Land Use, Real Estate Tax, Tax Controversies, Tax Planning

Built-In Gain Tax Not Triggered By S Corporation Conversion of LLC Interest

Published: October 18th, 2017

Stephen R. Looney

An S corporation that was previously a C corporation is subject to the built-in gains tax under Section 1374 if appreciated assets held by the corporation (measured from the beginning of the S corporation’s first taxable year) are disposed of during the “recognition period.”  The built-in gains tax is imposed at the corporate, rather than […]

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

Bluegrass and Sunshine: Sales and Use Taxation of the Equine Industry in Kentucky and Florida

Dean Mead Attorney Mark Holcomb
Published: August 30th, 2017

Mark E. Holcomb

By Erica L. Horn and Mark E. Holcomb[1] The equine industry has a long and esteemed history in the United States, with the first Thoroughbred races dating back to the early days of our nation. Thousands of people still gather each year at the Kentucky Derby, the Preakness Stakes, the Belmont Stakes and the Breeders’ […]

Posted in Articles, Tax Law Blog, Tax Planning

Florida’s Water Crises: Can We Afford The Solutions? (Part III)

Published: July 10th, 2017

Michael D. Minton Brad Gould Dana M. Apfelbaum

As we’ve discussed in Part I and Part II, the renewed focus on water projects due to discharges from Lake Okeechobee and the occurrences of blue/green algae is accompanied by a renewed effort to involve private landowners in the development of water attenuation projects. We’ve now explored the exceptions to the general rule that government […]

Posted in Articles, CPAs, Indian River Lagoon, Internal Revenue Service, Lake Okeechobee, Like-Kind Exchanges, Tax Law Blog, Tax Planning, Water Conservation, Water Law Blog, Water Management Districts, Water Policy

Widow Allowed to Expense Previously Expensed Farming Inputs

Published: January 17th, 2017

Brad Gould

In the case of Estate of Backemeyer v. Commissioner, 147 TC 17 (2016), the Tax Court held that the widow of a Nebraska farmer was entitled to expense farming inputs she inherited from her husband, who had expensed the same inputs during his life. Mr. Backemeyer, a corn and soybean farmer, purchased farming inputs consisting of seed, […]

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Posted in Articles, CPAs, Federal Taxation, Income Taxes, Internal Revenue Service, Tax Law Blog, Tax Planning