Stock market is at a record high… time to cash in on those hot stocks. Consider these two strategies for minimizing your taxes. Continue reading…
Propose changes may mean owing taxes when selling your home
There are generous tax breaks for selling you home so you do not pay taxes. The tax breaks for selling your home are not as generous in the proposed tax reform. Continue reading…
Say Bye Bye to electronic vehicle credit?
Up to $7,500 credit for electronic and plug-in hybrid vehicles. No longer with proposed tax reform. Continue reading…
Attractive workplaces for millennials no more under proposed tax reform?
Creating a work environment that you love. That is the goal of some of the top companies to work for – Google, Yahoo!, Zappos, GoDaddy. To create the ideal place for employees to work, a wealth of free employee perks are provided. Tax reform proposal may change how companies and employees view employee perks. Continue reading…
Companies with highly paid corporate executives may take a huge hit
Tax reform proposal may significantly reduce business deductions for highly paid corporate executives. Continue reading…
Proposed tax reform saves taxes… but you may not be happy with the changes
You will be shocked with the deductions that will be eliminated. But may realize the tax reform does what it promises – reduces taxes and makes the tax return simpler. Continue reading…
You say Business – IRS disagrees, Hobby
Start a business in something you love? You are making little money but that does not matter – you are enjoying the tax deduction advantages. You can turn a seemingly expensive activity to a mini-business with a bunch of tax write-offs. What a deal! But then the shock comes when the IRS says, “No!” you have a hobby and your tax deductions are taken away. Continue reading…
Next big topic is tax cuts. What is a tax cut?
Tax cuts are a hot topic. The impact of a tax cuts is not fully understood, which has lead to a number of questions. What will it do for the economy? How will the tax cut effect individuals? How will the tax cut effect businesses? Will it encourage people to spend more? What type of tax cut is it? Continue reading…
Understand a Profit & Loss Statement
Most people that work for a business may never think about the reports that aid owners and managers for making decision. One of those reports is the profit & loss statement. The profit & loss statement shows all of the company’s income from sales, services and any other sources. It also shows the companies expenses. These are good things to record to see if the company is making a profit or a loss. Continue reading…
ALG Tax Solutions Catches IRS Scammer Red-Handed (Remix)
The first video created was not the my complete conversation with the IRS scammer. Also, I thought it would be fun to make a less serious video. Here is the remix video with other ridiculous request not in the previous video.