Is alimony still deductible by payers and taxable to recipients? It depends. There is some confusion around recent tax law changes, but the prior rules generally remain in effect for divorce and separation agreements entered…

Let’s Talk Tax Reform For years, tax filers have valued a long list of itemized deductions which reduced their taxable income. Much of that is history now that the Tax Cuts and Jobs Act is…

This is the first tax year under the Tax Cuts and Jobs Act. So what can you expect? Here are answers to some frequently asked questions. Let’s Talk Tax Reform   1. Do I still…

In the past, you could claim a limited charitable deduction if your contributions provided you with preferred seating in the stadium or some other comparable benefit. But that’s no longer the case.   Let’s Talk…

New Jersey Society of CPAs Reminds Taxpayers to Stay Abreast of New Tax Laws This Tax Filing Season   Let’s Talk Tax Reform As the tax filing season begins, Alloy Silverstein and the New Jersey…

Federal Qualified Opportunity Zones: Impacted by Government Shutdown Due to the current government shutdown, the IRS has announced the indefinite postponement of a public hearing on proposed regulations for Qualified Opportunity Zones. The hearing, originally scheduled…