rjones

/Robert L. Jones, III

About Robert L. Jones, III

Robert L. Jones, III is a partner in the firm’s Pensacola office. Mr. Jones is a board certified tax attorney. He serves as Practice Group Manager for the firm’s Corporate and Tax practices and is a member of the firm’s Trust and Estate practice group. Mr. Jones practices in the areas of tax law, corporate law, including mergers and acquisitions, estate planning, including high-net worth estate tax planning, probate, not-for profit and charitable organizations, and business planning, from the creation of a business to succession planning. Mr. Jones is a sixth generation Florida resident. Mr. Jones received a B.A. from the University of Florida. He was a member of Florida Blue Key and the Kappa Sigma Fraternity while at the University of Florida. Mr. Jones received his law degree from the University of Arkansas at Little Rock, College of Law, where he was an Editor of the UALR Law Review. Mr. Jones then received a Master of Laws degree in Taxation, from the University of Florida, College of Law where he was the Managing Editor of the Florida Tax Review. Mr. Jones is a member and president of the Estate Planning Council of Northwest Florida (2017-2018), the Board of Directors for the Escambia County Public Schools Foundation and the Board of Directors for Baptist Health Care Foundation. Robert is admitted to practice to the U.S. Tax Court, the U.S. District Court for the Northern District of Florida, the U.S. District Court for the Middle District of Florida and all Florida state courts. Robert is an AV rated attorney by Martindale-Hubbell. In 2015, 2016, and 2017, Mr. Jones was recognized as a Rising Star by Florida Super Lawyers Magazine in the field of Tax Law. Mr. Jones also has previously served as an Adjunct Professor of Federal Income Taxation at the Florida Coastal School of Law. He is also involved with his church and many other community activities.
Contact Robert L. Jones, III at rlj@beggslane.com or 850-469-3325

Profits Interest and Section 1061 – Three Year Holding Period Requirement for Long-Term Capital Gain Treatment

By Robert L. Jones, III, Esq. Under the Tax Cuts and Jobs Act (“TCJA”), a taxpayer holding an “applicable partnership interest” is required to recalculate any net long-term capital gain realized “with respect to” the “applicable partnership interest” by applying a three-year holding period (instead of the standard one-year holding [...]

By | 2018-10-25T12:50:41+00:00 October 25th, 2018|

Section 1031 Exchanges and Proposed Reforms

The 1031 Exchange: Section 1031 of the Internal Revenue Code provides an exception from the rule requiring the current recognition of gain or loss realized upon the sale or exchange of property. Under §1031(a), no gain or loss is recognized if property held for productive use in a trade or [...]

By | 2018-08-17T16:01:00+00:00 June 19th, 2017|

Late Subchapter S Election Relief

If a taxpayer misses the deadline to file a subchapter S election all is not lost. The Internal Revenue Service (IRS) has struggled with the procedures for obtaining relief from missing such a filing. Rev. Proc. 2013-30 is the method for obtaining relief for late S elections. It modifies and [...]

By | 2018-08-17T16:01:31+00:00 November 17th, 2016|