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Archive for the ‘Tax Reform’ 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, Tax Law Blog, Tax Reform, State Taxation, Corporate, Florida Legislative Session, Government Relations & Administrative Law

Key Legislative Issues on the Forefront in 2019 – Part II

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

By: H. French Brown, IV

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

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

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

By: H. French Brown, IV 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, Tax Law Blog, Tax Reform, State Taxation, Income Taxes, Corporate

Florida Department of Revenue Conducts First Public Meeting Regarding TCJA Changes

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

By: H. French Brown, IV 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, Tax Reform, State Taxation, Income Taxes, Corporate

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 […]

Posted in Articles, Tax Law Blog, Tax Reform, Internal Revenue Service, Partnerships and LLCs

FINDING YOUR ZONE – Florida’s Opportunity Zones Confirmed

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

By: H. French Brown, IV Michael D. Minton Brian M. Stephens

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, Tax Law Blog, Tax Reform, State Taxation, Tax Planning, Real Estate Blog

Florida Department of Revenue to Study Impacts of Federal Tax Reform – Seeking Taxpayer Input

Dean Mead Attorney French Brown
Dean Mead Attorney Mark Holcomb
Published: May 10th, 2018

By: H. French Brown, IV Mark E. Holcomb

This is the fourth article in a series related to Florida’s implementation of the Federal Tax Cuts and Jobs Act (“TCJA”) for corporate income taxpayers. The previous articles include: Eyes on the Legislature: The Federal Tax Cuts and Jobs Act and the Risk for Florida Corporate Taxpayers written by Michael B. Dobson & Robert S. […]

Posted in Articles, Tax Reform, State Taxation

IRS Issues Notice on Carried Interests Held by S Corporations

Published: March 21st, 2018

By: Stephen R. Looney

Many questions have already arisen with respect to the newly-enacted Tax Cuts and Jobs Act.  As the IRS begins the process of releasing guidance in order to answer these questions, it is important that taxpayers stay current.  Recently, the IRS issued Notice 2018-18[1], its first piece of guidance under the Tax Cuts and Jobs Act.  […]

Posted in Articles, Tax Law Blog, Tax Reform, S Corporations