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Articles About Tax Law

A Refresher On Current Solar Tax Incentives: It’s Important To Act Fast – 2020 Update

Published: January 7th, 2021

By: Michael D. Minton Dana M. Apfelbaum Mark E. Holcomb

For a number of years, certain Federal, state and local tax incentives have been available to promote, among other things, the importance of renewable energy like solar power. These incentives benefit Florida’s business owners and residents who choose to implement solar energy systems on their property. Although this article focuses on opportunities for solar power, […]

Act Now! The Window of Opportunity to Use High Exemptions May be Closing Sooner Than Expected

The results of the upcoming election on November 3, 2020 are unpredictable, but they will determine the course of the tax laws relating to estate planning for many years. If the Republican Party prevails in the presidential election and/or maintains control of the Senate, we are likely to see a continuation of the current tax […]

Proposed Treasury Regulations Offer Guidance to TCJA Section 1031 Changes

Published: September 15th, 2020

By: Amanda L. Govin Christopher R. D'Amico Charles H. Egerton

On June 11, 2020, the IRS released Proposed Treasury Regulations under Section 1031 of the Internal Revenue Code (the “Code”), offering guidance on the post-TCJA (Tax Cuts and Jobs Act) changes to Section 1031. Section 1031 of the Code was created in 1921 to allow for nonrecognition of gain or loss on the exchange of […]

Best Lawyers in America Recognizes 23 Dean Mead Attorneys in 2021 Edition

ORLANDO, Fla. – Twenty-three Dean Mead attorneys have been selected for inclusion in The Best Lawyers in America© 2021, and four attorneys have been named “Lawyer of the Year.” The attorneys named “Lawyer of the Year” are listed below, followed by all attorneys recognized in the 2021 list. The Best Lawyers in America: Lawyer of the Year […]

Brad Gould Appointed to Chair S Corporations Committee of American Bar Association

Published: July 1st, 2020

By: Brad Gould

FORT PIERCE, Fla., July 1, 2020 – Brad Gould, a shareholder in Dean Mead’s Stuart and Fort Pierce offices, has been appointed as chair of the Tax Section of the American Bar Association’s (ABA) S Corporations Committee for 2020-2022, effective today. Gould previously served as vice chair of the ABA S Corporations Committee. The ABA […]

Dean Mead Grows Tax Department with the Addition of Amanda Govin

Published: June 22nd, 2020

By: Amanda L. Govin

ORLANDO, Fla. – Dean Mead announces the addition of associate Amanda Govin, who joins the Tax practice group in the firm’s Orlando office. Govin will focus on assisting clients with tax planning issues, and working on matters involving all types of business entities, such as LLCs, S and C corporations, and partnerships, and also not-for-profit organizations. […]

Initial Details Released on COVID-19 Impacts to Florida Tax Revenues

Published: May 27th, 2020

By: H. French Brown, IV

Florida’s general revenue fund is the main source of discretionary funding for the State.  This January, the State’s economists estimated that the State would receive $36.2B in general revenue during the State’s fiscal year July 1, 2019 – June 30, 2020. Of that amount, approximately $12.5B (34.5%) was expected to be received in March through […]

Florida Department of Revenue Emergency Order Providing Limited Relief to Corporate Income Taxpayers: April 27, 2020

Published: April 28th, 2020

By: H. French Brown, IV

On March 26, 2020, the Florida Department of Revenue issued Emergency Orders delaying sales tax and property tax payments for some businesses. On April 6, 2020, Governor DeSantis directed the Department of Revenue to issue an Emergency Order suspending the state’s documentary stamp tax on notes and written obligations made pursuant to Title I of […]

Florida Department of Revenue Emergency Order Suspending Documentary Stamp Tax on CARES Act Loans: April 6, 2020

Published: April 6th, 2020

By: H. French Brown, IV

On March 26, the Florida Department of Revenue issued Emergency Orders delaying sales tax and property tax payments.  Today, Governor DeSantis directed the Department of Revenue to issue a new Emergency Order suspending the state’s documentary stamp tax on notes and written obligations made pursuant to Title I of the CARES Act.  The Governor’s action […]

New SBA Payroll Protection Program under the CARES Act

Published: April 2nd, 2020

By: Denise D. Dell-Powell

Relief for Small Business and Non-Profits A well-known part of the CARES Act is the Payroll Protection Program (PPP), which establishes a new SBA loan that can be forgiven if done properly.  Generally, businesses with less than 500 employees are eligible, also certain businesses with less than 500 employees per location – no collateral or […]

It’s Official! (Part II) – Tax Day For Gift Tax Returns is Now July 15, 2020

Published: March 27th, 2020

By: Brad Gould

Today, the IRS released Notice 2020-20 amplifying the relief provided in Notice 2020-18 by postponing to July 15, 2020 the due day to file a Form 709 (United States Gift and Generation-Skipping Transfer Tax Return) or pay Federal gift tax or generation-skipping transfer tax that was due on April 15, 2020.  This brings conformity to […]

Congress Passes Coronavirus Stimulus Bill

Late last night the Senate passed the Coronavirus Aid, Relief, and Economic Security Act (CARES).  The House of Representatives is scheduled to pass CARES tomorrow and the President has publicly stated he will sign it.  CARES will be the second stimulus package from the federal government addressing economic impact wrought by the coronavirus (COVID-19) pandemic. […]

Florida Department of Revenue Emergency Orders Regarding Sales and Property Tax: March 26, 2020

Published: March 26th, 2020

By: H. French Brown, IV

Today, the Department of Revenue Executive Director Jim Zingale issued two emergency orders related to sales & use tax and property taxes.    Sales and Use Tax – Emergency Order # 20-52-DOR-002 This order only applies to: sales and use tax, tourist development tax, new tire fees, rental car surcharge, prepaid wireless E-911 fee, lead […]

It’s Official! Tax Day is Now July 15, 2020

Published: March 21st, 2020

By: Jane Callahan Brad Gould

This evening, the IRS released Notice 2020-18, confirming Treasury Secretary Mnuchin’s earlier tweet that the April 15 due date to file Federal tax returns and pay the related income tax is extended until July 15, 2020. The due date to pay all Federal income taxes due for 2019 and for the first quarter of 2020 […]