To all clients and friends of Strauss Troy:
We hope that you remain well during these challenging times. Like you, we at Strauss Troy have been busy preparing and planning for all aspects of this unprecedented event.
To all clients and friends of Strauss Troy:
We hope that you remain well during these challenging times. Like you, we at Strauss Troy have been busy preparing and planning for all aspects of this unprecedented event.
The due date for filing federal income tax returns and making federal income tax payments due April 15, 2020 has been automatically postponed to July 15 2020.
This morning Treasury Secretary Mnuchin announced in a tweet that the filing deadline has been moved to July 15. Please check this page for updated information as it becomes available.
The U.S. Secretary of the Treasury is providing relief to everyone who has a federal income tax payment (including self employment tax) due on April 15. The due date for those payments has been postponed to July 15, 2020.
You may have noticed that, unlike major appliances, lawyers don’t come with warnings or instructions. Whether you need a lawyer regularly for your business or only for specific tasks, the principles of this article should be helpful to you.
The SECURE Act is good news for many who seek to maximize retirement savings. Signed into law on December 23, 2019, its provisions generally favor tax deferred savings, recognizing changes in the workforce such as part-time employment and continuing work into what was traditionally retirement age.
Strauss Troy is pleased to announce that 16 of our attorneys have been recognized as The Best Lawyers in America 2020. Attorneys named to The Best Lawyers in America were recognized by their peers in the legal industry for their professional excellence in 145 different types of practice areas.
Strauss Troy congratulates attorneys Elizabeth M. Reeder and Stephen E. Schilling, who have been named Shareholders of the firm. Reeder is a member of the firm’s Corporate|Business and Tax Planning|Compliance groups; Schilling is a member of the Litigation group. Reeder focuses her practice on business and tax law, counseling individuals and businesses from start-ups to established, …Read More
It is important to periodically review your life insurance to make sure that you have a policy that will stay in-force long enough to accomplish your estate planning objectives. Recent actions by the life insurance industry to increase costs associated with some policies make it very important to have your insurance reviewed.
Consider if you really need life insurance or if your policy is in danger of imploding. Strauss Troy attorneys can review your current life insurance and assist you if there is a problem with your policy. We can also assist you in evaluating how your policy fits into your current estate plan to ensure that your objectives in providing for your family are met.
While Congress has not acted on any of the myriad proposals to increase opportunities for retirement savings, the Internal Revenue Service has announced that it will allow a bit more to be deposited into existing plans in 2019.
Next year, contribution limits for salary deferrals in into 401(k), 403(b) and 457(b) plans will increase from $18,500 to $19,000. Catch-up contributions (allowing participants age 50 or over to contribute an additional amount to 401(k) and 403(b) plans and Governmental 457(b) plans) remain limited to $6,000.
A letter to Strauss Troy clients regarding year end tax planning. Dear Client: As the end of the year approaches, it is a good time to think of tax planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of …Read More
On October 3, The Internal Revenue Service issued guidance on the business deduction for meals and entertainment following changes in the Tax Cuts and Jobs Act (TCJA).
While the act allows a deduction for expenses incurred during the tax year in carrying on trade or business, in 2017, the deduction of expenses related to entertainment, amusement or recreation was eliminated. However, the act does little to explain the tax treatment of business meals and there has been virtually no guidance from the IRS since the enactment of the TJCA until now.
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
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.
Strauss Troy Listed as a 2018 Best Law Firm by U.S. News – Best Lawyers®
Strauss Troy is pleased to announce that 14 of our attorneys have been recognized as The Best Lawyers in America 2017
Our nationally recognized attorneys work together as a team to be your legal partner, whether you need an attorney to handle a personal or a corporate matter. Strauss Troy has been recognized by U.S. News – Best Lawyers as a Best Law Firm in the following practice areas: Commercial Litigation Mass Tort/Class Actions – Plaintiffs Real Estate …Read More
With the IRS is increasingly cracking down on charitable contributions, here are a few rules to understand before filing your taxes
Ten Strauss Troy attorneys have been honored as 2015 Best Lawyers by Best Lawyers®.
Strauss Troy, one of Greater Cincinnati and Northern Kentucky’s leading law firms, announced that Jan Houston and Kenneth Kinder II have joined the firm. “We continue to add new talent and expertise in key areas,” said Strauss Troy President Marshall Dosker. “The experience that Jan and Ken bring to the firm will further strengthen our ability to address all of our client’s legal needs in the areas of tax planning, compliance, probate and estate planning. We’re pleased to welcome them to Strauss Troy.”