2013 taxes are done and you expected a tax refund. You checked your bank account for the bank deposit. You checked your mailbox for a check. No refund. What is going on? You finally receive a letter from the IRS or State. Your tax refund was seized.
Federal and State Tax Liens Effect on Credit Rating
You noticed an IRS or state tax debt on your credit report. Your first thought, “How can you pay when the IRS does everything possible to make your life difficult?” There is one issue with this thought. Federal or state tax agencies do not report your back tax debt to the credit bureaus.
ALG Tax Interview in Lansing
A.J. Gross, President of ALG Tax Solutions, was interviewed on the show The New Perspective. The New Perspective is an internet radio show broadcasted on the Michigan Business Network. The host of The New Perspective is Rina Risper.
IRS Taxes on Early Retirement Distribution
For years you contributed money to a 401K or IRA. Your employer may have matched your contributions. You now have a good chunk of money saved up in your retirement. Then something happens in your life and you need money. One thought is to withdraw money out of your retirement. But, there are tax consequences. What to do?
Volunteering in Detroit, Michigan
This was a fun experience for us. A new program called Life Remodel selects a Detroit, Michigan neighborhood to dramatically overhaul. The kick off to get students at Cody High School involved in their own community was on May 7, 2014.
Amending IRS Tax Returns Article in Lansing Paper
A.J. Gross, C.P.A, E.A. founder of ALG Tax Solutions writes an article for The New Citizens Press about amending tax returns. The New Citizens Press is a local Lansing newspaper.
Amending your Prepared IRS Tax Return
You filed your taxes on time and it was a huge relief. Getting your taxes prepared every year is burdensome. Then you stumble upon some additional tax information. The nervous twitch you feel inside about taxes comes back. We recommend amending your IRS tax return.
Lansing Fox 47 Settling IRS Taxes for Less
ALG Tax Solutions founder A.J. Gross was interviewed on Lansing Fox 47. A.J. discusses settling IRS taxes for less.
Health Care IRS Tax Penalty
You do not like the new Affordable Health Care for America Act, AKA Obamacare. A decision was made not to purchase health insurance. You rather pay the tax penalty to the IRS. We will review how to calculate the tax penalty for not purchasing health insurance.
Quote of the Month – April 2014
You can’t fail unless you choose to make failure a reality – Napoleon