Useful tax tips and information from Jerry Coon of Action Tax Service.
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 [...]
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 [...]
Saginaw Bay is flat-out full of fish. Of course, only about half of them are keeper-size walleyes. The rest, from personal experience, are catfish, drum, gar-pike, northern pike, perch, and small walleyes. Last week, me and my old college buddies, Gary McCrimmon and his son Jason, Grant McCrimmon, and his son, Scott, and their friends Jeremy and Cade, that normally go to [...]
Last week, I discussed four problem areas that tax professionals encountered this past season. 1. Education Credit Calculation Issues. 2. Issues with Identity Theft. 3. Contact Issues with the Internal Revenue Service. 4. Issues with the Affordable Care Act. Without changes, all four areas will remain problem areas in the future. Each has its own set of problems and [...]
Next Monday is Memorial Day and it is our chance to honor veterans, both living and those who have passed on, who gave up portions, and in many cases all, of their lives to defend our country. Since the beginning of our country, approximately 42 million men and women have served in our military. Over 600,000 have died in various battles in those 200 plus years. Many of [...]