Useful tax tips and information from Jerry Coon of Action Tax Service.
Ensure end-of-year deductions will be allowable Jerry Coon As we approach the end of this year, December 31 is the magic date. In order to include most items on this year’s tax return, payment must occur on or before December 31. The definition of “payment,” however, takes on a special meaning on December 31. The general definition today is that when a check is [...]
Out with old, in with new GM Jerry Coon The deer season got monumentally better for me on Saturday, Nov. 20. I was able to forget all about my escapades of the opening two days. My split lip is mostly healed up and my flat tire was an easy, albeit $125, fix. I could afford to move those bad memories to the back of my mind because at about 10:30 a.m. I found myself in a [...]
Be thankful This has not been the greatest of deer seasons. One good thing is that I get to spend some time with two of my Central Michigan University (CMU) roommates, Gary McCrimmon and his brother Grant, along with Gary’s son Jason, Grant’s son Scott, and another long-time friend, Jim Melvin. As far back as the 1970s, Gary, Grant and I have gone fishing and hunting [...]
Interesting time for taxes Now that we know the make-up of the House and Senate in Washington, we can make some educated guesses as to what is going to happen to our tax system in 2011. We will find out if the politicians really do listen to the voters. Based on their hearing capacity, the conclusions reached by each person may be drastically different. Jerry Coon Health [...]
What is Michigan’s future tax situation? The ringing of the telephone interrupted my concentration Tuesday night. I was listening to the national election news and also reading a book. Nowadays, that’s spreading my thought processes about as thin as I can get away with. The caller was Rockford City Manager Michael Young. Was it going to be good news or bad news? [...]