Did you recently get slapped with a surprisingly high property tax bill? Consider applying for a reduction of your property’s taxable value. Your county’s board of revision will conduct a hearing, and you will bear the burden of proving that your property was over-valued. If the board reduces your property’s value, the new value will usually apply to future tax years, which will save money on your tax bills well into the future. There are many intricacies to this process, and an experienced attorney can navigate it for you to optimize your opportunity for a value reduction.
The Consolidated Appropriations Act, 2021 provides $900 billion in stimulus relief for the COVID-19 pandemic, including $284 billion for the SBA’s Paycheck Protection Program (PPP) for new and previous borrowers under the Economic Aid Act.
Strauss Troy is pleased to announce that 15 of our attorneys have been included in the 2021 Edition of The Best Lawyers in America. Attorney Pete A. Smith was also recognized as Lawyer of the year in Project Finance Law and Real Estate Law. Strauss Troy Co., LPA would like to congratulate the following lawyers named to The Best Lawyers in …Read More
PPP loans are subject to forgiveness to the extent that a borrower uses PPP funds for payroll costs and certain mortgage interest, rent and utility obligations during the 8 week period following loan disbursement.
On April 9, 2020, the IRS issued another notice which expands the relief to additional returns and tax payments.
Dear Client: You’ve probably heard that IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the coming months to help people stay afloat during this time of economic uncertainty related to the COVID-19 crisis. Here’s what you need to know about this program. Amount of payment. IRS will soon begin …Read More
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout.
The emergency spending bill signed into law on Friday contains several provisions related to retirement benefits. This article will discuss those provisions.
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.