The Tax Cuts and Jobs Act has grabbed the headlines in 2018. However, if you still have to file your 2017 tax return, it will generally be based on prior law. For example, you may…

Alloy Silverstein’s Tax Tip of the week   If you contributed to charity in 2017, you can generally deduct the full amount on your tax return with one caveat: You must have the records to…

Of all the letters one could receive in the mail, notification of an IRS audit is probably ranked really low. While some taxpayers are selected for random audits every year, the chances of that happening…

Alloy Silverstein’s Tax Tip of the Week If you commute back and forth to work every day, you typically can’t deduct any of your travel costs, such as gas for your car or commuter fares….

What do you call those deductible expenses that don’t fit squarely into any other category? The IRS refers to them as “miscellaneous” expenses. If you qualify, you can deduct the excess above 2 percent of…

Alloy Silverstein’s Tax Tip of the Week Do you remember “Nannygate”? Back when Bill Clinton was president, his nomination of corporate attorney Zoe Baird for U.S. Attorney General was derailed after it was revealed that…

Suppose a relative wants to borrow money for a business venture or to buy a home. It’s true that family loans can raise problems. But if you’re going to do it, take the tax law…