Tax Reform 2017: What You Need to Know

Table of Contents Corporate and Business. 2 Individuals. 7 Estate/ Gift Tax. 12 Charitable Contributions/ Non Profits. 13 Other. 14 Real Estate. 14 Depreciation. 14 2017 Tax Reform On December 22, 2017, President Trump signed the bill previously known as the Tax Cuts and Jobs Act into law.  The final bill removed the name “Tax […]

Business Observer Features Jenifer Schembri’s Law Career and Award-Winning Appaloosa Family Horse Farm

BY: BETH LUBERECK | BUSINESS OBSERVER Executive: Jenifer Schembri, a lawyer at Blalock Walters PA in Sarasota who specializes in tax law. Diversion: Showing appaloosa horses. Member of the family that owns Char-O-Lot Ranch in Myakka City, which breeds, shows and trains appaloosa horses Family footsteps: Schembri has been riding horses her whole life and […]

Blalock Walters Sponsors Easter Seals of Southwest Florida’s 70th Anniversary Celebration

Easter Seals of Southwest Florida will celebrate seven decades of life changing programs on Friday, December 9th at Ritz-Carlton, Sarasota, Florida. The event will honor the organization’s history and ensure the future for those living with disabilities. For 70 years, Easter Seals of Southwest Florida has assisted countless children and adults living with disabilities lead […]

Canadians Beware – Florida Limited Liability Limited Partnerships No Longer Taxed as a “Pass-Through” Entities in Canada

Canadians who own an interest in a Florida limited liability limited partnership, commonly known as a LLLP, will soon have to pay more taxes unless they take swift action. The Canadian Revenue Agency recently announced that Florida and Delaware LLLPs will no longer be treated as pass-through entities for Canadian income tax purposes, and will […]

IRS Proposes New Estate & Gift Valuation Rules for Family Owned Businesses

In August, 2016 the IRS issued long anticipated proposed regulations under Section 2704 of the Internal Revenue Code that, if finalized, will substantially impact the estate and gift tax planning of family owned businesses.  Pursuant to the proposed 2704 regulations, no discounts would be available in valuing a family owned business, which would include lack […]