Adam’s Tax Blog

Note: Tax advice, articles, and content contained on this site are intended for informational and educational purposes only. They are not a substitute for professional advice. Tax matters are can be extremely complex and vary greatly for each individual or company. Please click here to read our complete disclosure and disclaimer for the information presented on this site.

One Reason to File Your 2020 Tax Return Early

One Reason to File Your 2020 Tax Return Early

The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a new law that was enacted late in December.) Even if you typically file closer to the April 15 deadline (or you file for...

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The COVID-19 Relief Law: What’s In It For You?

The COVID-19 Relief Law: What’s In It For You?

The new COVID-19 relief law was signed on December 27, 2020, and contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated Appropriations Act, which also contains two other laws: the COVID-related Tax Relief Act...

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Prevent and Detect Insider Cyberattacks

Prevent and Detect Insider Cyberattacks

In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization. He then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing...

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Can You Qualify for a Medical Expense Tax Deduction?

Can You Qualify for a Medical Expense Tax Deduction?

You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. While the rules make it hard for many people to qualify, with proper planning you may be able to time discretionary medical expenses to your advantage...

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