Thanks to tax season, articles written by firm president, A.J. Gross, are published on the front page of the Lansing New Citizens Press. Check out the bottom left hand corner!
Fraudulent IRS Emails
The busy tax season is a prefect time for IRS scams. Check out this email one of our client’s received.
Top 10 Tips for Getting Your IRS Taxes Prepared
We review the Top 10 Tips for getting your IRS taxes prepared. The goal is to help you choose a good tax preparer and to watch out for potential pitfalls. Continue reading…
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.
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.
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…
2014 and 2018 Tax Changes Due to Obamacare
In our previous blog, we reviewed the 2013 tax changes due to the Patient Protection and Affordable Care Act or in other words Obamacare. This blogs reviews the 2014 and 2018 tax changes. Continue reading…
2013 Tax Changes Due to Obamacare
We get quite a few questions and comments regarding the Patient Protection and Affordable Care Act or in other words Obamacare. This blogs reviews the 2013 tax changes.
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…