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…

Alloy Silverstein’s Tax Tip of the Week   Most investors face a 15 percent tax rate on long-term capital gains. This increases to 20 percent for people at the top of the ordinary income bracket…

An age-old question in business: is a worker an independent contractor or an employee? This seemingly simple question is often the contentious subject of numerous IRS audits in recent years. As an employer, getting this…

There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year. Our CPAs have seen many mistakes…

Alloy Silverstein’s Tax Tip of the Week As the end-of-year holidays approach, you may decide to be extra generous to your loved ones. Specifically, by giving your family members gifts that are usually sheltered by…

It’s hard enough to watch your child leave for college. Now you also have to say goodbye to the tuition and fees tax deduction. Congress decided not to extend this $4,000 deduction for 2017, leaving…

Alloy Silverstein’s Tax Tip of the Week The tax rules are relatively lenient for rollovers to a traditional IRA. For instance, if you transfer funds from your 401(k) plan to an IRA within 60 days,…