The short answer is “very complicated.”  In an effort to depict the various processes and decisions that a taxpayer may face while filing and paying taxes, the IRS Taxpayer Advocate Service published a roadmap that resembles…

Lending to friends and relatives is a tricky business, and not only because of the stress it can place on your relationships. There are tax issues involved as well. If you have to lend money…

Summer is usually the time for relaxing, but it can also be a time for tax savings, especially if you’re still reeling from an unexpectedly large tax bill in April. Here are five timely tax…

Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren’t already!). Tax breaks drop dramatically as your children grow up, but you may be able to…

If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here. Due…

Before you shred that tax return, make sure you know exactly how long you should have it on hand. The following short video covers record retention guidelines for your individual tax return. How Long Should…

Summer is a great time to relax and recharge, but it is also an excellent chance for students to get work experience, do an activity they enjoy, and boost their chances of getting into a…

Do you own a Jersey Shore rental property? Do you rent your North Jersey apartment to New York City-bound tourists? Or do you earn extra income by opening your home for overnight stays? There’s a new…