Useful tax tips and information from Jerry Coon of Action Tax Service.
Tax professionals have become very familiar with a relatively new term this tax season. It’s not a brand new term to the world at large. It’s just new to tax professionals because it hasn’t affected tax returns in a significant manner previous to this tax season. The term I am talking about is “poverty level” in relation to the income on a [...]
There was an interesting article in Sunday’s Grand Rapids Press concerning the Internal Revenue Service. The article detailed the fact that if you are a delinquent taxpayer in Texas and you owe the federal government less than $1,000,000, the Internal Revenue Service has admitted that it is not going to pursue the collection of that money. Now, that’s a [...]
This being my last article you will read from me before the tax filing deadline of April15, we should go over some items that can be taken care of before April 15 and discuss the importance of April 15 itself. As we all know, April 15 was just another day until Congress made it the filing deadline for all individual and certain other returns such as partnership and [...]
This past Monday, the City of Rockford hosted its’ 27th Annual Board and Commission Recognition Reception at City Hall. City Manager Michael Young and his staff did a wonderful job of putting the event together. It was well attended by a Council Chambers full of volunteers. “Volunteers” is the key word here because those serving on Rockford’s [...]
A grand total of three weeks are left in the 2015 tax season; meaning that April 15 is right around the corner. It seemed like yesterday that we flipped the calendar to January 1. A snap of the fingers and it will be all over for this year which will put another tax season into the books. Let’s do a little analysis of how the season has gone in relation to how [...]