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