Tax Attic

Useful tax tips and information from Jerry Coon of Action Tax Service.

Tax Attic

July 30, 2015 // 0 Comments

In my position as a tax professional and as the Mayor of the City of Rockford, I get to see both sides of the current and future tax issues facing us in America. As a tax professional, I see day to day how taxes affect all of us. Changes to tax laws are certainly beneficial to the tax preparation business but they affect me personally as well. I have to be able to [...]

Tax Attic

July 23, 2015 // 0 Comments

As the current Mayor of Rockford, earlier this year, I was afforded the opportunity by the American Legion to give the “keynote” speech at the conclusion of the annual Memorial Day Parade. We met around the flag pole at the Rockford Cemetery and after a program that included singing by a combined Rockford Schools’ choir and the traditional six-gun [...]

Tax Attic

July 16, 2015 // 0 Comments

A year ago, Deb and I went on a cruise to Alaska along with another local couple, Doug and Lyn Peterman. We had a wonderful time. The scenery was fantastic. We saw glaciers close-up with their blue, translucent ice. We took in mountains rising straight up out of the ocean and disappearing into the clouds thousands of feet above us. We encountered school-bus size whales [...]

Tax Attic

July 9, 2015 // 0 Comments

The tax business usually doesn’t make the front page in July but this year is different. The Supreme Court made two rulings last week that all of us are aware of. In separate split decisions, the justices ruled that Obamacare’s health premium tax credit was valid whether the taxpayer purchased insurance through a state-run or a federal-run exchange. Had they [...]

Tax Attic

July 2, 2015 // 0 Comments

For the second week in a row, someone I went camping with ended up bringing home a different boat than they started out the trip with. Two weeks ago, my friend, Jason bought a 22′ Starcraft Islander because his 22′ Trophy just wouldn’t run without heating up to 260 degrees. The Trophy went up for sale after the second day in a row we went fishing and [...]
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