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.

IRS Audits May Be Increasing, so Be Prepared

IRS Audits May Be Increasing, so Be Prepared

The IRS has released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined compared to prior years. But even though a small percentage of returns are being chosen for audit these days, it won’t be much consolation if yours is one...

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Traveling for Business Again? What Can You Deduct?

Traveling for Business Again? What Can You Deduct?

As we continue to come out of the COVID-19 pandemic, you may be traveling for business again. Under tax law, there are a number of rules for deducting the cost of your out-of-town business travel within the United States. These rules apply if the business conducted...

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Tax-Favored Ways to Build Up a College Fund

Tax-Favored Ways to Build Up a College Fund

If you have a college-bound child, you may be concerned about funding future tuition and other higher education costs. So you’ll want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series EE U.S....

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