Alloy Silverstein’s Tax Tip of the Week   Explaining the tax deductions for qualified moving expenses.   It’s not unusual to pull up stakes after you land a new job. If your new employer does…

Alloy Silverstein’s Tax Tip of the Week   Can you deduct interest expenses on your 2016 tax return? It depends. Generally, the tax law requires you to allocate interest payments under a complex set of…

Alloy Silverstein’s Tax Tip of the Week   No one enjoys picking up the pieces after a natural disaster or when some other calamity destroys personal property like a home or car. But at least…

Alloy Silverstein’s Tax Tip of the Week   When you itemize your deductions, you can deduct either state and local income taxes or general state and local sales taxes on your 2016 tax return. But…

With a new President always comes a wave of uncertainty What’s proposed? What’s hearsay? What should you do no matter what?   Change is in the air in Washington, and many taxpayers are eager to…

Taxes are complex and mistakes are human nature.   However, some mistakes or late filings when it comes to your tax return can add up pretty quickly with interest and penalties.     According to…

With the rise in online commerce opportunities along with the current gig economy, the line between hobby and business is more blurred than ever.   Find out what the IRS looks for in determining whether…

Governor Christie to Keep Reciprocal Income Tax Agreement with Pennsylvania. On November 22, 2016 Governor Chris­tie announced that he will keep the long-standing agreement between New Jersey and Pennsylvania after all. Due to budget constraints,…