Financial Advisers Back In Court and Customers Get Caught In The Middle

Late last year, Morgan Stanley and UBS withdrew from the Protocol for Broker Recruiting, followed closely by Citigroup in January. Morgan Stanley and UBS together account for almost half of the approximate 50,000 registered securities representatives (stock brokers) employed by the four major wire houses (Morgan Stanley, UBS, Merrill Lynch, and Wells Fargo).

Liz Reeder Presents Estate Planning Seminar to Northern Ky. Bar Association

Strauss Troy Attorney Liz Reeder

Strauss Troy attorney Liz Reeder was recently invited to present a seminar to the Estate Planning and Probate Section of the Northern Kentucky Bar Association.  Liz presented on the 2017 Tax Act and its effect on estate plans as well as provided an update on estate planning trends from the most recent Heckerling Institute on …Read More

New Partnership Representative Rules May Increase Audit Activity

IRS Logo

With a new year comes new tax rules that have significant impacts on your operating agreements and LLCs.  If you haven’t updated your operating agreement for some time or if you are entering or exiting an LLC, the Bipartisan Budget Act of 2015 (the “BBA”) has significant impact for the former “tax matter partner” provisions.  These BBA provisions took effect January 1, 2018 and repeal the TEFRA and ELP procedures and applies to all partnerships that file a Form 1065 return.  In implementing these rules, IRS hopes to increase audit activity and make it easier to assess deficiencies for unpaid taxes to your partnerships.  It is critical to understand the new rules in order to better protect yourself and your partnership in future audit.

Time May be Up on Claims of Sexual Harassment Filed Too Late

In the past few months, we have seen allegations or accusations of sexual harassment being reported in the media on practically a daily basis. And, campaigns and posts on social media, including the #metoo and #TimesUp movements, have revealed countless more allegations. While there is no time limit on someone’s right to free speech, there is a legal time limit to take an accusation of sexual harassment out of social media or the press and into a courtroom.

Strauss Troy Attorney Christopher McDowell Named Chairman of River City Correctional Center

Christopher R. McDowell has been named chairman of River City Correctional Center’s governing board. During his term, McDowell will be charged with helping River City carry out its mission of assisting residents in recognizing and overcoming substance abuse dependency and other obstacles preventing them from leading happy, full, and productive lives.