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.
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.
Notice of Settlement regarding Kindred Healthcare, Inc.
Strauss Troy Shareholder Pete Smith has been named Best Lawyers 2018 “Lawyer of the Year” for Project Finance Law in the Cincinnati area. Best Lawyers® honors one attorney per practice area in each community as “Lawyer of the Year.” Pete also received this honor in 2014.
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.
Strauss Troy Listed as a 2018 Best Law Firm by U.S. News – Best Lawyers®
Elizabeth M. Reeder was invited by the Dean of NKU’s Chase Law School to give a seminar at the Lunsford Academy for Business Law.
Bill Williamson was been invited to speak at two seminars for private companies in October. The seminars focused on basic estate planning matters for professionals and employees of the host companies. Bill’s practice focuses on the areas of real estate law, corporate law and entity formation, estate planning, probate and general business law. Bill’s business …Read More
Whether buying or selling, there are three areas where difficulties occur in Ohio residential real estate transactions: Residential Property Disclosure Form; earnest money deposit; and timing and deadlines regarding inspection of the property. While specific terms of each contract will control the transaction, consider these general observations. The Residential Property Disclosure Form. Both the Ohio …Read More
Strauss Troy is pleased to announce that 14 of our attorneys have been recognized as The Best Lawyers in America 2017