Useful tax tips and information from Jerry Coon of Action Tax Service.
The Coons have done something for the last several years that I believe not many Michiganders do. To kick off the camping season, we go camping for the first weekend in May down to Northern Indiana. The weather is usually at least a week warmer and, in most years, spring has sprung. The downside is Indiana seems to get more spring-time rains than West Michigan so it can [...]
Last Friday evening, the Rockford Area Community Endowment (R.A.C.E) held their annual Recognition Banquet at the Rockford Sportsman’s Club. It was a wonderful event and not just because the dinner, dessert, drink and key-note speaker, Tom Rademacher, were excellent. It was excellent because we all gathered to induct three individuals to be honored at [...]
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 [...]