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…

Tips on handling an IRS notice with ease.   IRS notices can be a cause of fear and added anxiety for taxpayers, but with an accountant on your side, the process doesn’t have to be…

Alloy Silverstein’s Tax Tip of the Week Some homeowners and landlords may be faced with a high cost of home improvements. Normally, they are not considered deductible on a personal tax return. However, if improvements…

Alloy Silverstein’s Tax Tip of the Week Do you own real estate property far from the suburban sprawl? If you donate a part of the property as a “conservation easement” to a qualified charity you…

Do you invest in stocks? Ever sell a stock and come to realize you lost money on your investment? If you answered yes, than you incurred what the tax code refers to as a capital…

The House introduced the “Tax Cuts and Jobs Act” on November 2, 2017. If the Act passes, it will signal the most sweeping tax reform our county has seen since 1986.  Lawmakers are touting it…

Tax planning is a year-round exercise. If you haven’t given thought to your 2017 tax return yet, Rich Middleton, CPA proposes 8 tax planning considerations that aren’t too late to implement. If you’re thinking about…

Alloy Silverstein’s Tax Tip of the Week A couple can claim the Child and Dependent Care Credit — commonly called the “child care credit” for short — if they pay someone to watch the kids…