Tax Question: What are the tax laws on bartering? How do you determine when something is a barter that should be taxed?
Quote of the Month – February 2014
You don’t learn to walk by following the rules. You learn by doing, and by falling over. Richard Branson
Michigan Sales Tax on Catering Sales
Tax Question: Do I need to collect Michigan Sales Tax on caterings?
Lansing Front Page December 29, 2013
ALG Tax Solutions President, A.J. Gross, on the front page of a local Lansing newspaper, The New Citizens Press.
A.J. Gross, C.P.A., E.A., writes tax articles for The New Citizens Press. This is the second time in a row. Hopefully, this will continue. The article can be read here.
Track IRS Business Miles
We run across a lot of clients that do not keep track of their IRS business miles. It can be a pain to record your IRS business miles. However, not having sufficient records for your IRS business miles will cause more headaches down the road if you are audited by the IRS. Use one of the following 4 methods to satisfy the IRS record keeping requirements for IRS business miles.
Continue reading…
Lansing Front Page December 15, 2013
ALG Tax Solutions President, A.J. Gross, on the front page of a local Lansing newspaper, The New Citizens Press.
IRS Charitable Contributions Recordkeeping Tax Rules
Donating to charitable causes is a good thing. You are helping others in need. For your generosity, the IRS allows you to claim a tax deduction. If you donate to charities, you should understand the basic record keeping rules for claiming a tax deduction.
2013 Form 1099 MISC
2013 Form MISC 1099
According to the IRS, you must file Form 1099 MISC for each person whom you have paid during the year, at least $600 in rents, services (including parts and materials), prizes and awards, other income payments, health care payments, crop insurance proceeds, cash payments for fish or, generally, the cash paid from a notional principal contract to an individual, partnership, or estate. Continue reading…
Quote of the Month – January 2014
What this power is I cannot say; all I know is that it exists and it becomes available only when a man is in that state of mind in which he knows exactly what he wants and is fully determined not to quit until he finds it. Alexander Graham Bell
Abatement of Penalties IRS Cases
Abatement of penalties is possible. These are two case examples of how the IRS approved an abatement of penalties.