Bitcoin, blockchain, cryptocurrency… Digital and virtual currencies are all the rage lately. However, just because there isn’t a physical coin in hand, doesn’t mean they are shielded from taxes. Following are some virtual currency tax…

Tax Tip of the Week What moves should you make now in order to cut your taxes as the new tax law takes effect? Let’s Talk Tax Reform     Now that the massive new…

Alloy Silverstein’s Tax Tip of the Week Paying income taxes every year is a necessary evil, but it can be even more unpleasant if you fail to pay your taxes on time. The IRS may…

January 2018 Tax Deadlines January 16 – Due date for the fourth installment of 2017 individual estimated tax. January 31 – Due date for employers to furnish W-2 statements to employees, and to file Forms…

Honorably discharged? You may be eligible for a $3,000 state exemption.   If you’re a veteran you might be eligible for an additional $3,000 exemption on your 2017 New Jersey Income Tax Return. In order to…

Are you trying to sell investment or commercial real estate? If you use an installment sale to help sell real estate, you can benefit from tax deferral and possibly lower your overall tax bill. But…

Switching jobs can lead to a tax time surprise if you don’t plan accordingly.   A new job means a whole lot more than a new desk: From new responsibilities to adjusting to a new…

Are you currently or soon-to-be retired? Do you live in New Jersey? If you answered yes to those questions, you should benefit from a New Jersey tax break. As many people know, New Jersey residents…