Medical and dental costs can be tax deductible. However, most people don’t realize that you need to pay a large amount of out-of-pocket medical costs to get a tax deduction. Continue reading…
Claiming Child Tax Credit
The Child Tax Credit is a substantial credit for parents with children. The Child Tax Credit is $1,000 for each qualifying child reported on your IRS tax return. That is $1,000 going right back into your pocket. Continue reading…
New Healthcare IRS Tax Forms
Obamacare has added a new wrinkle this tax season. According to IRS Commissioner John Koskinen, the 2015 tax filing season “will be one of the most complicated filing seasons we’ve ever had.” One of those complications is the reporting required for Obamacare. There are several new IRS tax forms related to Obamacare you may have to fill out this tax season: Form 1095-A, Form 8962, and Form 8965. These forms can be complicated and may increase the cost to get your taxes prepared.
Dealing with Divorce and Taxes
Getting a divorce is a stressful and complicated situation. Taxes are one of the complications. I will review a few of the common tax considerations when you are legally divorced or your divorce is pending. Continue reading…
ALG Tax Solutions Featured on Lansing WILX News 10
A.J. Gross, President of ALG Tax Solutions, was interviewed by Lorne Fultonberg of Lansing WILX News 10.
IRS Email Scam
One of my clients just received this email phishing scam.
5 Benefits of Filing Taxes Early
It’s tax time again, your favorite time of the year! You are eager to gather all your tax documentation and giving it to your tax accountant. Ok, maybe this is not you. But, there are some benefits of filing your taxes early.
IRS Home Office Tax Deductions
Claiming IRS home office tax deductions increases your chances of an IRS audit. Is that true? In our experience, the answer is generally no. If you run your business out of your home and maintain a home office, then you should take your deductions. There is no reason to leave money on the table. Especially to the IRS! The first step for claiming home office deductions is to understand the rules.
Tips for Paying Your Tax Bill
If you filed for an automatic 6 month extension then tax season is officially over as of October 15, 2014. The IRS doesn’t allow any additional extensions. There are numerous reasons why a decision was made to request more time to file a tax return. One reason is you needed more time to pay the taxes. The following are some tips for paying your tax bill.
Crazy IRS Voicemail
We received an email from one of our clients yesterday. She received a call from the IRS. The IRS left a crazy voicemail. In the voicemail, the IRS threaten to sue her.