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.

Cash Payments and Tax Relief for Individuals in New Law

Cash Payments and Tax Relief for Individuals in New Law

A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic. This article explains some of the tax relief for individuals in the Coronavirus Aid, Relief, and...

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The New COVID-19 Law Provides Businesses with More Relief

The New COVID-19 Law Provides Businesses with More Relief

On March 27, President Trump signed another coronavirus (COVID-19) law, providing extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention...

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Coronavirus (COVID-19): Tax Relief for Small Businesses

Coronavirus (COVID-19): Tax Relief for Small Businesses

Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law providing at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers to defer any amount of federal income...

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Why You Should Keep Life Insurance Out of Your Estate

Why You Should Keep Life Insurance Out of Your Estate

If you have a life insurance policy, you probably want to make sure the life insurance benefits your family receives after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax rules, life...

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The 2019 Gift Tax Return Deadline Is Coming Up

The 2019 Gift Tax Return Deadline Is Coming Up

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine if you’re required to file a 2019 gift tax return. In some cases it may be beneficial to file one even if it’s not required. Who must file? Generally, you...

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