May 09, 2017
The proper tax treatment for an activity varies depending upon whether it is a hobby or a business. Millions of people enjoy hobbies that are also a source of income. Think of baking cupcakes, making…
Read More...May 04, 2017
Alloy Silverstein’s Tax Tip of the Week Get the tax lowdown on paying mortgage points. Suppose you’re buying a home and searching for a mortgage. There are a myriad of choices in today’s marketplace…
Read More...May 03, 2017
Pennsylvania Offering Tax Amnesty Program Now through June 19, 2017. PA Taxpayers: Pay past-due taxes now with waived penalties and reduced interest. The Pennsylvania Department of Revenue is currently offering a tax amnesty program…
Read More...May 01, 2017
Major Tax Deadlines for May 2017 May 16 – Deadline for calendar-year exempt organizations to file 2016 information returns May 31 – Deadline for IRA, SEP, SIMPLE, Roth IRA, MSA, and education savings account…
Read More...April 30, 2017
Alloy Silverstein’s Tax Tip of the Week Do you help support an elderly relative like your mom or dad? If you meet the two-part test for qualifying relatives, you may claim an “extra”…
Read More...April 24, 2017
Alloy Silverstein’s Tax Tip of the Week Passive, Active, Exceptions: The tax treatment of real estate professionals can be complex. The rules that define real estate activities for tax purposes can be confusing. Is…
Read More...April 20, 2017
Alloy Silverstein’s Tax Tip of the Week For dual income parents with children under the age of 13, or if your household situation includes a spouse or dependent over the age of 13 who…
Read More...April 17, 2017
DIY can affect another 3-letter word: TAX. The days are longer and the air is getting warmer. Spring is here, tax refunds have made their way to bank accounts, and for many homeowners it’s…
Read More...
