Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
Simple Tips to Reduce Your Chance of an Audit 1. Your income exceeds or doesn’t meet your various forms (W-2, 1099s, etc.) 2. Match the forms and reports, even if they are wrong. 3….
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Crowdfunding started as a way for entrepreneurs to fund new enterprises. Then charities started getting in on the act through platforms like GoFundMe and Kickstarter. This has resulted in grassroots appeals for worthy causes around…
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When you apply for a personal loan or home mortgage, lenders generally check your credit score. They want to know whether you’re a good risk and whether you’ll make payments on time. Once that question…
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The kiddie tax isn’t just child’s play. Due to recent tax law changes, children with substantial income may end up paying more in taxes than before. Fortunately, you can take steps now to minimize the…
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Receiving a gift is not a taxable event to the one who receives the gift. If the gift is large enough, it could result in gift tax being due by the donor. In any case,…
Read More...If you are anticipating a nice refund this year, it may be a good idea to prepare yourself for a possible letdown. Many taxpayers will receive a smaller-than-expected refund and might even owe taxes to…
Read More...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…
Read More...Want your tax return filed quickly and without error? Then double-check this list of items that are often overlooked. These missing items often cause delays in getting your tax return filed: Forms W-2 and 1099….
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