Major Tax Deadlines for December 2017   December 15 – Due date for calendar-year corporations to pay the fourth installment of 2017 estimated income tax. December 31 – Deadline to complete 2017 tax-free gifts of…

Editor’s Note: This article was written and posted prior to the passing of the Tax Cuts and Jobs Act of 2017. Consult with your tax advisor for the most up to date information. The little…

Alloy Silverstein’s Tax Tip of the Week Under the proposed tax reform plan recently announced by the Trump administration, most itemized deductions would be eliminated, except those for charitable donations and mortgage interest. Because of…

As the year draws to a close, it’s not too late to make tax moves. Alloy Silverstein’s accountants and advisors offer the following tax-saving ideas one could still consider. Use this checklist to make sure…

Charities and non-profits depend on donations from individuals. By helping out a deserving cause, taxpayers also get the benefit of a tax deduction. Unfortunately, charitable donations are under scrutiny by the IRS, and many donations…

Whether you are an entrepreneur business owner or travel to appointments on behalf of your employer, keeping track of your mileage is key if you want to be able to deduct travel expenses come tax…

If you have an Individual Taxpayer Identification Number (ITIN) rather than a Social Security number (SSN) you may need to take action or you’ll be unable to file a tax return for 2017. Here is…

Knowing whether you can or can’t expense a purchase for business purposes can be complicated. That’s why there are a few hard and fast rules to help you make the best decisions. According to the…