Organizing your tax records not only makes filing your tax return easier, it also helps you find the financial documents you need through the year. Whether you’ve already filed your tax return or are about…

If you are divorced and have young children, there’s a good chance that you are paying or receiving alimony or child support (or both) under a divorce decree. What’s the difference? The distinction is important…

If you own rental property there are a number of mistakes you should avoid. Here are some major ones:   Forgetting the 14-day rule. As long as you rent out your property for a period…

With the passage of the Tax Cuts and Jobs Act, deductions of state, local and property taxes are not worth as much as they used to be. Beginning in 2018, taxpayers are limited to a…

Taxpayers rejoice: In early February, Congress passed a federal budget bill that ended up reviving dozens of expired tax breaks for the 2017 tax year. These “extenders” that expired in 2016, were left out of…

Alloy Silverstein’s Tax Tip of the Week The new tax reform law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for medical expenses, unlike many other itemized deductions. But that’s only…

Alloy Silverstein’s Tax Tip of the Week The tax-filing season is here. Even if you plan on leaving the hard work to your professional tax preparer, you can make the process go more smoothly by…