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.
Top 3 Bookkeeping Tips
Owning a small business is tough. You are juggling many roles: salesperson, marketer, manager, technician, visionary, and many more. One of the vital roles in your business is keeping track of your books and records. Some small businesses are unable to hire a full time bookkeeper or hire an accounting firm to maintain the books. This means the bookkeeping will be done in-house by you. Here are some do-it-yourself bookkeeping tips.
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.
New Company Evaluation December 2014
We are proud of this glowing company evaluation from a client. It feels great to get clients similar to this one out of bad IRS tax and accounting situations.
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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.
What is a Limited Liability Company (LLC)?
In our previous blogs we reviewed Corporation and Doing Business As (DBA) business structures. This blog is on Limited Liability Companies (LLC).