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.

Lansing Newspaper Photo December 29, 2013

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.


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…


Home Office Deduction Alternative

Deducting your home office is usually a debated expense to take on your tax return.  You may be reluctant to take this deduction because you did not keep good business records to claim the deduction.  Recently, the IRS announced an optional safe harbor method for determining your home office deduction.   If the safe harbor method is used, you are not required to keep records.  Continue reading…


Accounting Firm Hit with Trust Fund Penalties for Payroll Taxes Owed by thier Client

We mentioned in a previous blog that individuals such as corporate officers and employees can be held responsible for back taxes if the company fails to pay payroll taxes.  However, other parties not within the company can be held responsible for back taxes such as lenders and accounting firms.  In this case, the accounting firm hired to manage the client’s payroll was held responsible for $325K of Trust Fund Penalties.  This is an interesting case because it shows that the IRS can go after third parties for trust fund penalties. Continue reading…