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.

How Entrepreneurs Must Treat Expenses on Their Tax Returns

How Entrepreneurs Must Treat Expenses on Their Tax Returns

If you’ve recently started a new business or are contemplating starting one you know it’s a hectic, exciting time. You probably also know that you generally have to spend a lot of money before you even open the doors. You may have to train workers and pay for rent,...

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3 Questions You May Have After You File Your Return

3 Questions You May Have After You File Your Return

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions of the most frequently asked questions we’re asked at this time of year. Question #1: What tax records can I throw away...

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Deducting Business Meal Expenses Under Today’s Tax Rules

Deducting Business Meal Expenses Under Today’s Tax Rules

During regular business operations, you probably spend some time and money “wining and dining” current or potential customers, vendors, and employees. What can you deduct on your tax return for these expenses? The rules for meal expenses have changed under the Tax...

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Seniors: Medicare premiums Could Lower Your Tax Bill

Seniors: Medicare premiums Could Lower Your Tax Bill

Americans age 65 and older qualify for basic Medicare insurance, but they may need to pay additional premiums to get the level of coverage they desire. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them. But one...

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Understanding How Taxes Factor Into an M&A Transaction

Understanding How Taxes Factor Into an M&A Transaction

In recent years, merger and acquisition activity has been very brisk. If you are considering merging with or acquiring another business, it’s important for you to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax standpoint,...

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