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.

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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Home Is Where the Tax Breaks Might Be

Home Is Where the Tax Breaks Might Be

If you’re a homeowner, the interest you pay on your home mortgage may provide you with a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, this isn’t true. First, keep in...

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Work Opportunity Tax Credit Extended Through 2020

Work Opportunity Tax Credit Extended Through 2020

If you own a business, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The WOTC was set to expire on December 31,...

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The Tax Aspects of Selling Mutual Fund Shares

The Tax Aspects of Selling Mutual Fund Shares

Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved...

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Do You Want To Go Into Business For Yourself?

Do You Want To Go Into Business For Yourself?

Many of the people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that type of business entity. 1. You may qualify for the pass-through deduction. To the extent your business generates...

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