Major Tax Deadlines for April 2017   Due April 18: 2016 individual income tax returns 2016 calendar-year C corporation tax returns 2016 annual gift tax returns 2016 IRA contributions 2017 individual estimated tax first quarter…

Alloy Silverstein’s Tax Tip of the Week   The Net Investment Income Tax (NIIT) is a unique tax provision, introduced in 2013 to help pay for the Affordable Care Act (ACA). While the NIIT may…

When you choose to itemize, every deduction counts.   Keeping up with the tax code is a complex and never-ending responsibility, but that’s exactly the benefit of partnering with a CPA that specializes in tax…

Alloy Silverstein’s Tax Tip of the Week   If your best-case tax scenario is to itemize deductions, know what your options (and hurdles) are when it comes to miscellaneous deductions.   Most tax-deductible expenses fall…

Alloy Silverstein’s Tax Tip of the Week   Although you can’t deduct the value of time and energy spent on charitable endeavors, you can often write off unreimbursed expenses incurred while performing charitable duties. Here…

Yes, your tax return can be corrected. Here’s what to do.   You may have felt the dread of realizing you made a mistake on your recently filed tax return. Perhaps you received late documentation…

Alloy Silverstein’s Tax Tip of the Week   Are you facing a tax liability on your 2016 return? There’s little you can do now to reduce the tax, but there’s at least one option at…

When are March Major Tax Deadlines for March 2017   March 1 – Farmers and fishermen who did not make 2016 estimated payments must file 2016 tax returns and pay taxes in full. March 2…